CIP Incoterm (Carriage and Insurance Paid To)

CIP — Carriage and Insurance Paid To (Incoterms 2020) What CIP means. CIP stands for Carriage and Insurance Paid To. As CPT with insurance; the 2020 revision raised the default cover to an all-risks level. Risk and cost are separate questions. Incoterms allocate cost and risk independently, and the point where risk transfers is often not the point where the seller stops paying. Disputes usually arise from assuming the two move together, or from using a maritime term for containerised cargo handed over at a terminal rather than loaded across the ship's rail. Getting the term right. Frequently Asked Questions. Estimate landed cost under this term.

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