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
FOB – Free On Board
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FOB – Free On Board

«Free on Board» means that the seller delivers when the goods pass the ship’s rail at the named port of shipment. This means that the buyer has to bear all costs and risks of loss of or damage to the goods from that point. The FOB term requires the seller to clear the goods for...

November 25, 2015March 12, 2019by