INCOTERMS 2010: ICC Offiziellen Regeln für die Auslegung von Vertragsklauseln
CIP Incoterms: Meaning & Explanation
This term is broadly similar to the CPT term, with the exception that the seller is required to obtain insurance for the goods while in transit. CIP requires the seller to insure the goods for 110% of the contract value under at least the minimum cover of the Institute Cargo Clauses of the Institute of London Underwriters (which would be Institute Cargo Clauses (C)), or any similar set of clauses. The policy should be in the same currency as the contract, and should allow the buyer, the seller, and anyone else with an insurable interest in the goods to be able to make a claim.
CIP can be used for all modes of transport, whereas the Incoterm CIF should only be used for sea-freight.
Who covers the logistics charges?
Distribution of costs according to the Incoterm negotiated in the contract. Classification according to the increased level of obligations for the seller
Incoterms 2020
- EXW — Ex Arbeite
- FCA — Frei Träger
- FAS — Frei Längsseite Schiff
- FOB — Free on Board
- CFR — Preis und Fracht
- CIF — Kosten, Versicherung und Fracht
- CIP — Fracht und Versicherung bezahlt
- DAP — Geliefert am Ort
- DPU — Delivered Named Place Unloaded
- DDP — Geliefert verzollt
Incoterms 2010
- CFR — Preis und Fracht
- CIF — Kosten, Versicherung und Fracht
- CIP — Fracht und Versicherung bezahlt
- CPT — Fracht bezahlt zu
- DAP — Geliefert am Ort
- DDP — Geliefert verzollt
- DAT — Geliefert am Terminal
- EXW — EX Arbeite
- FAS — Frei Längsseite Schiff
- FCA — Frei Träger
- FOB — Frei am Bord
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Incoterms 2000
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Track & Trace System
Container tracking service provides a very convenient and easy to use way of tracking the current location of containers with your cargo by container number.
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Real ocean freight transit time
Get to know the time in transit of cargo on popular container shipping lines between ports of loading and port of discharge.
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Sea Lines Explorer
Service is designed for determination of shipping lines whose vessels put in chosen port or direction.
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Container Terminals Explorer
Service is designed for determination of sealine port list.
