International Transport - Incoterms

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CIP - Carriage and Insurance Paid to (named place of destination)
The containerized transport/multimodal equivalent of CIF. Seller pays for carriage and insurance to the named destination point, but risk passes when the goods are handed over to the first carrier.
More information
For more information about ICC (International Chamber of Commerce) and Incoterms, please visit: https://www.iccwbo.org/Incoterms/