Trade Department
This section contains measures pertaining to the trade division that also support international trade operations.
This section contains measures pertaining to the trade division that also support international trade operations.
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In Carriage and Insurance Paid To (CIP), the seller assumes all risk until the goods are delivered to the first carrier at the place of shipment—not the place of destination. Once the goods are delivered to the first carrier, the buyer is responsible for all risks. However, the seller is responsible for the cost of carriage as well as all-risk insurance coverage until the freight reaches the named place of destination. A carrier is any person or company who undertakes the carriage of goods, such as a shipping line, airline, trucking company, railway or freight forwarder.