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Carriage and Insurance Paid To
Group C · Main carriage paid · Any mode of transport
Identical to CPT, with one addition: the seller must procure cargo insurance for the buyer's benefit. Incoterms 2020 raised the required level to Institute Cargo Clauses (A) — all-risks — covering at least 110% of the contract value.
Where risk transfers
On handover to the first carrier at origin, exactly as with CPT.
Seller's cost & riskBuyer's cost & risk
Seller pays
- ▪Packaging
- ▪Export clearance
- ▪Main carriage
- ▪ICC (A) insurance at 110% of value
Buyer pays
- ▪Unloading (unless in freight contract)
- ▪Import clearance and duties
- ▪Onward delivery
Insurance
Mandatory for the seller: maximum cover, Institute Cargo Clauses (A), 110% of contract value.
Customs
Export clearance: Seller
Import clearance: Buyer
Use it when
High-value manufactured goods where the buyer wants freight and cover bundled into one price.
Watch out
The insurance upgrade to ICC (A) is the headline change of Incoterms 2020 — CIF stayed at the minimum ICC (C).