CIP

CIP, or Carriage and Insurance Paid To, is a trade term used in international shipping. It means the seller is responsible for delivering the goods to a specified destination, paying for transportation, and securing insurance to protect against potential loss or damage during transit. Once the goods are handed over to the carrier, risk shifts to the buyer. CIP clarifies responsibilities for both parties, ensuring the seller manages shipping and insurance costs up to a designated point, making international trade smoother and more predictable.