CIP carriage andInsurance paid To

The seller's obligation is fulfilled when the goods are delivered to a carrier, and the contract of carriage is arranged, freight prepaid – the named place of destination, and insurance is obtained on the cargo.

The buyer is responsible for all costs and risks associated with the goods after receipt by the carrier – prior to loading on board the vessel or aircraft, as well as the costs and risks related to the goods (receipt of the goods from the carrier) upon arrival in the importing country.

The seller is responsible to arrange for the pre-carriage and main carriage of the goods.

The seller is responsible for the export clearance of the goods.

The buyer is responsible for the import clearance of the goods.