English

Noun

Carriage and Insurance Paid to ‎(uncountable) (abbreviated CIP)

1. (incoterm) Meaning the seller pays for the freight to the named destination and the insurance during the transportation.

Usage notes

This is followed by the place of destination, i.e. Carriage and Insurance Paid to New York City or more usually just CIP New York City

See also

• Carriage Paid To