Carriage and Insurance Paid to

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English[edit]

Wikipedia

Noun[edit]

Carriage and Insurance Paid to (uncountable) (abbreviated CIP)

  1. (incoterm) Meaning the seller pays for the freight to the named destination and the insurance during the transportation.

Usage notes[edit]

This is followed by the place of destination, i.e. Carriage and Insurance Paid to New York City or more usually just CIP New York City

See also[edit]