CIP – Cost and Insurance Paid To
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CIP – Cost and Insurance Paid To

Carriage and Insurance paid to… means that the seller delivers the goods to the carrier nominated by him but the seller must in addition pay the cost of carriage necessary to bring the goods to the named destination. This means that the buyer bears all risks and any additional costs occurring after the goods have...

November 26, 2015September 15, 2020by
FCA – Free Carrier
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FCA – Free Carrier

«Free Carrier» means that the seller delivers the goods, cleared for export, to the carrier nominated by the buyer at the named place. It should be noted that the chosen place of delivery has an impact on the obligations of loading and unloading the goods at that place. If delivery occurs at the seller’s premises,...

November 25, 2015March 12, 2019by
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CIF – Cost, Insurance and Freight

“Cost, Insurance and Freight” means that the seller delivers when the goods pass the ship’s rail in the port of shipment. The seller must pay the costs and freight necessary to bring the goods to the named port of destination BUT the risk of loss of or damage to the goods, as well as any...

November 25, 2015March 12, 2019by
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CFR – Cost and Freight

«Cost and Freight» means that the seller delivers when the goods pass the ship’s rail in the port of shipment. The seller must pay the costs and freight necessary to bring the goods to the named port of destination BUT the risk of loss of or damage to the goods, as well as any additional...

November 25, 2015March 12, 2019by