| TERM | DESCRIPTION | Loading at origin | Export customs declaration | Carriage to port of export | Unloading in port of export | Loading on vessel in port of export | Carriage to port of import | Unloading in port of import | Loading in port of import | Carriage to port | Insurance | Import customs clearance | Import duties and taxes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CIP | CIP - Carriage and Insurance Paid to (punto specifico di arrivo) | SI | SI | SI | SI | SI | SI | NO | NO | NO | SI | NO | NO |
+39 0141 1650000
info@gmt-trasporti.it
Monday - Friday 9-12 | 14,30-19
Saturday by appointment
CIP – Carriage and Insurance Paid to
DETAILED DESCRIPTION / RIGHTS AND DUTIES
CIP is an Incoterm used for any mode of transportation, according to which the seller is responsible for the delivery of goods to an agreed destination in the buyers country, and must pay for the cost of this carriage, and also bear any costs for obtaining export licences and documents from the country of origin and those for customs export operations. The costs incurred for crossing other countries to reach the final destination are also borne by the seller, as well as insurance costs (unlike CPT).
The sellers risk, however, ends once they have placed the goods on the ship, at the origin destination, including customs fees in the country of destination. The term is considered as complete with the named place of destination (for example, C.I.P. Turin).
