CARRIAGE AND INSURANCE PAID TO (CIP)
Free port or transport and insurance paid to destination. Clause for which the seller provides the goods at a place agreed with the buyer, assuming costs (including export customs clearance and practices for the crossing of any third countries) and risks up to that destination. The seller must also provide insurance coverage against the buyer. The costs of unloading the means of transport are borne by the buyer. You can use this formula for all modes of transport.