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What is freight term cip?

In: Manufacturing [Edit categories]

Answer:

According to Incoterms 2010 the CIP term stands for Carriage and Insurance Paid to. It means a seller pays for carriage and insurance to a destination point, but risk passes when the goods are handed over to the first carrier.

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KazikM

First answer by KazikM. Last edit by KazikM. Contributor trust: 16 [recommend contributor ]. Question popularity: 0 [recommend question].

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What is freight term cip?

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