CIP (Carriage and Insurance Paid To)

What is CIP?

The seller pays carriage and insurance to a named destination, usable for any transport mode. Under Incoterms 2020 CIP requires all-risks cover, a higher level than CIF's minimum — worth checking when two quotes look equivalent.

At a glance

Category

Trade & logistics

Also known as

Carriage and Insurance Paid To · 운송비·보험료지급인도

Korean term

운송비·보험료지급인도

Last reviewed

July 23, 2026

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