carriage & insurance paid to (CIP)
Definition
[Named port of destination] Term of sale signifying that the price invoiced or quoted by a seller includes all costs up to a named port-of-destination. By comparison, 'cost, insurance, and freight (CIF)' term includes all costs only up to a named port-of-destination. See also carriage paid to (CPT).
carriage & insurance paid to (CIP) is in the Banking, Commerce & Finance, International Trade & Relations, Purchasing & Procurement and Shipping, Transport, & Travel subjects.
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