CIP

- May 15, 2020-

CIP

CIP (CARRIAGE AND INSURANCE PAID TO) refers to the seller ’s delivery to its designated carrier. During this period, the seller must pay the freight for the delivery of the goods to the destination, and cover the buyer ’s insurance for the risk of loss or damage of the goods in transit, that is, the buyer Bear all risks and additional costs after delivery by the seller.

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