CIP - Carriage and Insurance Paid To (... the named place of destination)This delivery condition. The seller will end the burden of delivering the goods when the seller delivers the goods to the recipient indicated by the buyer, transport, the place of the recipient of the cargo at the port city of origin. The seller is responsible to perform the export formalities. Paying the freight cargo, freight and insurance to cover risks in transporting the goods until the buyer with the buyer.
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