Trade glossary · Incoterms 2020
CIP (Carriage and Insurance Paid To)
An Incoterms 2020 rule like CPT, but the seller also provides insurance for the buyer — all-risks cover under the 2020 revision. Risk transfers when the goods are handed to the first carrier.
Go deeper on trade mechanics in the Commodity Plus Academy — free courses on export readiness, trade finance, and Incoterms.
← All glossary terms