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Glossary

What is CIP (Carriage and Insurance Paid To)

Byatuljain November 9, 2023

Definition: CIP, or Carriage and Insurance Paid To, is an international trade term that outlines the responsibilities, costs, and risks associated with the delivery of goods from the seller to the buyer. CIP terms specify that the seller is responsible for arranging and paying for the carriage (transportation) and insurance of the goods to a…

Glossary

What is Carriage Paid To (CPT)?

Byatuljain October 26, 2023

In the complex world of international trade and supply chain management, various Incoterms play a crucial role in defining the responsibilities and costs between buyers and sellers. One such Incoterm is Carriage Paid To (CPT), which outlines the terms of transportation, delivery, and risk transfer in a transaction. What is Carriage Paid To (CPT) ?…