Learn a foreign trade term every day: CIP (carriage and insurance paid to) Freight/insurance paid to the destination
2022/9/1 17:03:14

Commonly used foreign trade terms are as follows:



CIP (carriage and insurance paid to) Freight/insurance paid to destination:

 

The seller delivers the goods to the carrier appointed by the seller, during which the seller must pay the freight charges for transporting the goods to the destination and handle the insurance for the risk of loss or damage of the buyer's goods in transit. In other words, the buyer assumes all risks and additional costs after delivery by the seller.

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