CIP

Carriage and Insurance Paid To

As CPT, plus the seller insures the cargo – all-risks cover is required.

Offered as standardAny mode of transportIncoterms® 2020

How World Steel delivers CIP

Containerised and multimodal shipments with ICC (A) all-risks cover for 110 % of the invoice value.

Delivery: To the first carrier at the place of shipment.
Risk passes: When the goods are handed to the first carrier.
Costs: The seller pays carriage and all-risks insurance to the named destination.
Best for: The container alternative to CIF, with stronger insurance cover.
Watch out: Insurance must be ICC (A) unless the contract says otherwise.
New in 2020: 2020: the minimum insurance under CIP rose from ICC (C) to ICC (A).

Always state the rule, a precise named place and the version, e.g. “CIP your port / site, Incoterms® 2020”.

← CPT · Carriage Paid To All 11 Incoterms® 2020 rules DAP · Delivered at Place →

EXWEx Works FCAFree Carrier FASFree Alongside Ship FOBFree On Board CFRCost and Freight CIFCost, Insurance and Freight CPTCarriage Paid To CIPCarriage and Insurance Paid To DAPDelivered at Place DPUDelivered at Place Unloaded DDPDelivered Duty Paid

Incoterms® is a registered trademark of the International Chamber of Commerce (ICC). This page summarises the Incoterms® 2020 rules for orientation only – the ICC text and the sales contract govern. Always state the rule, the named place and “Incoterms® 2020”.

Quote your project CIP

Tell us the destination and the Incoterm you prefer – we quote ex-works, FOB, CIF or delivered to your site.

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