Multimodal Incoterm requiring seller to pay carriage and comprehensive all-risks cargo insurance (Clause A).
Carriage and Insurance Paid To (CIP) means the seller delivers goods to the carrier, pays freight to the destination, and obtains comprehensive cargo insurance adhering to Institute Cargo Clauses (A). Risk transfers to the buyer upon handover to the first carrier.
Recommended standard for high-value pharma, tech, and cold-chain cargo on TrustedTrucks.
Smart contracts verify Institute Cargo Clauses (A) insurance certificate hash before dispatching pickup orders.
Requires maximum insurance coverage, unlike maritime CIF which requires only basic Clause C cover.