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Topic: Carriage and Insurance Paid to

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Carriage Paid To

Free Carrier

Delivered Duty Paid

Delivered At Frontier

Cost and Freight

Delivered Ex Ship

Delivered Duty Unpaid

Delivered Ex Quay

Free Alongside Ship

Ex Works

Incoterm

Free on board

Cost, insurance and freight

Risk

International Chamber of Commerce

	BellesExport (Site not responding. Last check: 2007-10-18)
		The buyer should note that under the CIP term the seller is required to obtain insurance only on minimum cover (Refer to Introduction paragraph 9.3).
		The seller must obtain at his own expense cargo insurance as agreed in the contract, such that the buyer, or any other person having an insurable interest in the goods, shall be entitled to claim directly from the insurer and provide the buyer with the insurance policy or other evidence of insurance cover.
		The insurance shall be contracted with underwriters or an insurance company of good repute and, failing express agreement to the contrary, be in accordance with minimum cover of the Institute Cargo Clauses (Institute of London Underwriters) or any similar set of clauses.
	www.belarustimber.com /cip_en.html (1228 words)

	Insurance
		Carriage and Insurance Paid to Carriage and Insurance Paid to (CIP) is a insurance.
		Health insurance Health Insurance is a type of insurance whereby the insurer pays the medical costs of the insured if th...
		Insurance contract An Insurance contract determines the contracts are designed to meet very specific needs and thus have...
	www.brainyencyclopedia.com /topics/insurance.html (677 words)

	Access Freight International - (Site not responding. Last check: 2007-10-18)
		In these the seller arranges the contract of carriage and payment of freight and is regarded as being in a better position than the buyer to arrange insurance.
		The risk of loss of or damage to the goods, as well as any additional costs due to events occurring after the time the goods have been delivered to the carrier, is transferred from the seller to the buyer when the goods have been delivered into the custody of the carrier.
		"Carriage and insurance paid to..." means that the seller has the same obligations as under CPT but with the addition that the seller has to procure cargo insurance against the buyer's risk of loss of or damage to the goods during the carriage.
	www.afi.co.nz /wa.asp?idWebPage=4178 (2201 words)

	Incoterms (Site not responding. Last check: 2007-10-18)
		Carriage Paid To Carriage and Insurance Paid To Arrival
		In this case, buyers cannot claim insurance money from the insurance company because they has no insurable interest in the goods although they may have an insurable interest in the profits which they hope to make, and they may insure that interest either through the seller acting as their agent or on their own behalf.
		”Carriage and insurance paid to ….” means that the seller has the same obligations as under CPT but with the addition that the seller has to procure cargo insurance against the buyer's risk of loss of or damage to the goods during the carriage.
	www.steeltubestrade.net /tech_incoterms.php?lang=en (1827 words)

	DOLPHIN SOUTH ATLANTIC S.A. - INCOTERMS 2000 (Site not responding. Last check: 2007-10-18)
		On-Carriage: the transportation segment from the point of arrival (on the buyer’s side), to the designated ultimate receiver.
		The buyer is responsible for all risks associated with the goods after they have passed the ship’s rail to be loaded on board the vessel, as well as the costs and risks related to the goods (receipt of the goods from the carrier) in the importing country.
		The buyer is responsible for all costs and risks associated with the goods after receipt by the carrier – prior to loading on board the vessel or aircraft, as well as the costs and risks related to the goods (receipt of the goods from the carrier) upon arrival in the importing country.
	www.e-dsa.com /incoterms.htm (1880 words)

	Glossary on Trade Financing Terms - F
		The dividend paid out by a corporation at the end of the year (annual dividend) after quarterly, bi-annual or other interim dividends have been distributed during the year.
		A financing technique used by insurance companies and pension funds, whereby the contributions of the insured parties are accumulated to form the capital required for the payment of insurance benefits.
		paid to" obligations, the seller also has to undertake transport insurance against the risk of loss or damage to the goods during carriage.
	www.intracen.org /tfs/docs/glossary/fe.htm (4414 words)

	CIP, TERMS OF PAYMENT (Site not responding. Last check: 2007-10-18)
		«Carriage and Insurance paid to...» means that the seller delivers the goods to the carrier nominated by him but the seller must in addition pay the cost of carriage necessary to bring the goods to the named destination.
		The buyer should note that under the CIP term the seller is required to obtain insurance only on minimum cover.
		The buyer must obtain at his own risk and expense any import licence or other official authorisation and carry out, where applicable, all customs formalities for the import of the goods and for their transit through any country.
	www.parallax-tech.com /cip.htm (1187 words)

	Carriage and Insurance Paid to - Wikipedia, the free encyclopedia
		Carriage and Insurance Paid to (CIP) is an Incoterm.
		The passing of risk occurs when the goods have been delivered into the custody of the carrier.
		It is the same as CPT except that the seller also pays for the insurance.
	en.wikipedia.org /wiki/Carriage_and_Insurance_Paid_to (97 words)

	CIP - CARRIAGE AND INSURANCE PAID TO (... named place of destination) (Site not responding. Last check: 2007-10-18)
		CARRIAGE AND INSURANCE PAID TO means the seller has the same obligations as under CPT - CARRIAGE PAID TO and the seller also has to procure cargo insurance against the buyer's risk of loss or of damage to the goods during the carriage.
		CARRIAGE AND INSURANCE PAID requires the seller to clear the goods for export.
		CARRIAGE AND INSURANCE PAID can be used for any mode of transport including multimodal transport.
	www.pierobon.org /export/ch11/cip.htm (108 words)

	Continental Commodity Exchange - CCE - Traders Handbook - information on international trade, letter of credit, ... (Site not responding. Last check: 2007-10-18)
		Under CPT and CIP term the seller must clear the goods for export and the buyer is responsible for clearing local customs at the place of arrival and paying all import duties and taxes, if any.
		The insurance must be obtained for inland transportation which may be difficult for high risk countries which have excessive degree of civil unrest, organized crime, political instability, or a combination of the above-mentioned circumstances.
		Under the CIP term the seller is only responsible for purchasing insurance on minimum coverage or for the value contractually agreed.
	www.cceweb.com /cce/handbook_cpt.htm (404 words)

	Glossary(E-CoMart) (Site not responding. Last check: 2007-10-18)
		F.P.A., a type of marine insurance, is the minimum coverage in use and covers total and partial losses if the ship carrying an exporter's goods is involved in a collision or fire, or is stranded or sunk.
		Like C and F, "Freight/Carriage paid to..." means that the seller pays the freight for the carriage of the goods to the named destination.
		This term is the same as "Freight/Carriage Paid to..." but with the addition that the seller has to procure transport insurance against the risk of loss of damage to the goods during the carriage.
	www.e-comart.com /Content/F_Glossary.asp (981 words)

	CV International, Inc. - Incoterms (Site not responding. Last check: 2007-10-18)
		The seller must pay the costs and freight necessary to bring the goods to the named port of destination BUT the risk of loss of or damage to the goods, as well as any additional costs due to events occurring after the time of delivery, are transferred from the seller to the buyer.
		However, in CIF the seller also has to procure marine insurance against the buyer's risk of loss of or damage to the goods during the carriage.
		"Carriage paid to..." means that the seller delivers the goods to the carrier nominated by him but the seller must in addition pay the cost of carriage necessary to bring the goods to the named destination.
	www.cvinternational.com /incoterms.htm (2242 words)

	Paid For Your Opinion (Site not responding. Last check: 2007-10-18)
		Paid inclusion 1: Generally speaking, '''paid inclusion''' is a business practice relevant 3: Some detractors of paid inclusion allege that it Causalitycauses sea
		Carriage Paid To 1: '''Carriage Paid To''' (CPT) is a Incoterm.
		Carriage and Insurance Paid to 1: stody of the carrier.
	www.witchware.com /File/6721-Paid.For.Your.Opinion.Html (755 words)

	Transportation & Warehousing Terminology > Transportation and Warehousing Section > Open Directory > ...
		In this context, "carrier" means any person who, in a contract of carriage, undertakes to perform or to procure the performance of carriage by rail, road, sea, air, inland waterway, or by a combination of such modes.
		CIP - Carriage and Insurance Paid To (named port of destination) The seller has the same obligations as under CPT, but must also procure cargo insurance against the buyer’s risk of loss of, or damage to the goods during the carriage.
		The seller contracts for insurance and pays the insurance premium, although he is required to obtain only minimum coverage.
	www.1800miti.com /links/page87.html (1119 words)

	Incoterms 2000
		FCA - Free Carrier -- Title and risk pass to buyer including transportation and insurance cost when the seller delivers goods cleared for export to the carrier.Seller is obligated to load the goods on the Buyer's collecting vehicle; it is the Buyer's obligation to recieve the Seller's arriving vehicle unloaded.
		CPT - Carriage Paid To -- Title, risk and insurance cost pass to buyer when delivered to carrier by seller who pays transportation cost to destination.
		CIP - Carriage and Insurance Paid To --Title and risk pass to buyer when delivered to carrier by seller who pays transportation and insurance cost to destination.
	swengelsk.com /Logistic/Incoterms.htm (973 words)

	WELCOMEXPORT (US Version): GLOSSARY C: c & f,cost freight,cif,cost insurance freight,cargo ... (Site not responding. Last check: 2007-10-18)
		Term is used in international sales contracts to signify that the seller must pay the cost and freight necessary to bring goods to a port of destination, but that the risk of loss or damage passes from the seller to the buyer when the goods pass the ship's rail in the port of shipment.
		Because a CFR selling price includes the cost of the goods and freight but not the cost of insurance, this term of sale is often used when the government in an importing country requires that insurance be supplied by a company subject to its jurisdiction.
		Used in international sales contracts to impose the same obligations on the seller as "carriage paid to" (CPT), with the exception that the seller is also responsible for contracting and paying for cargo insurance.
	www.welcomexport.org /us/information/glossary/c.html (1807 words)

	Sea freight glossary, terms, incoterms and freight jargon
		CPT, or carriage paid to, is a term used for shipment by modes other than water.) Also, a method of import valuation that includes insurance and freight charges with the merchandise values.
		This certificate is used to assure the consignee that insurance is provided to cover loss of or damage to the cargo while in transit.
		Marine insurance typically compensates the owner of merchandise for losses in excess of those which can be legally recovered from the carrier that are sustained from fire, shipwreck, piracy, and various other causes.
	www.tauruslogistics.co.nz /sea_freight_glossary.html (2296 words)

	Incoterms 2000, Incoterms, Transports internationaux, forwarder,
		The buyer should note that under the CIF term the seller is required to obtain insurance only on minimum cover.
		However, in CIP the seller also has to produce insurance against the buyer's risk of loss of or damage to the goods during the carriage.
		The seller has to bear all the costs and risks involved in bringing the goods thereto including, where applicable, any "duty" (which term includes the responsibility for and the risks of the carrying out of customs formalities, and the payment of formalities, customs duties, taxes and other charges) for import in the country of destination.
	b.bouchet.free.fr /main5.html (2497 words)

	International Commercial Terms
		"Cost, Insurance and Freight" means that the seller has the same obligations as under CFR but with the addition that he has to procure marine insurance against the buyer's risk of loss of or damage to the goods during the carriage.
		The term is primarily intended to be used when goods are to be carried by rail or road, but it may be used for any mode of transport.
		If the parties wish to exclude from the seller's obligations some of the costs payable upon importation of the goods (such as value added tax (VAT)), this should be made clear by adding words to this effect: "Delivered duty paid, VAT unpaid (...named place of destination)".
	www.eidinet.com /tb/icoterms.html (1676 words)

	Carriage Paid To -- Facts, Info, and Encyclopedia article (Site not responding. Last check: 2007-10-18)
		Carriage Paid To (CPT) is a (additional info and facts about Incoterm) Incoterm.
		The buyer pays for the (Promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company) insurance.
		The passing of risk occurs when the goods have been delivered into the custody of the first carrier.
	www.absoluteastronomy.com /encyclopedia/C/Ca/Carriage_Paid_To.htm (96 words)

	Incoterms 2000 (CIP) (Site not responding. Last check: 2007-10-18)
		The insurance shall be contracted with underwriters or an insurance company of good repute and, failing express agreement to the contrary, be in accordance with minimum cover of the Institute Cargo Clauses(Institute of London Underwriters) or nay similar set of clauses.
		The minimum insurance shall cover the price provided in the contract plus ten per cent(i.e.
		The seller must provide as his own expense packaging (unless it is usual for the particular trade to ship the goods of the contract description unpacked) which is required for the transport of the goods arranged by him.
	www.uls21.com /imco_cgroup_cip_e.htm (1072 words)

	Venezuela Trader Related Issues (Site not responding. Last check: 2007-10-18)
		CIF - Cost, Insurance and Freight, includes transport and handling charges to the harbor, the cost of having the goods loaded aboard the ship, plus insurance and freight charges to the port of destination.
		CPT - Carriage Paid To, the goods are cleared for export and delivered to the carrier by the seller, who is responsible for carriage costs to the named place of destination.
		CIP - Carriage, Insurance Paid, The seller transports the goods are transported to the port, cleared for export and delivered to the carrier by the seller, plus insurance charges to the named place of destination.
	www.venezuelatrader.com /Related%20issues.htm (529 words)

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		The seller must contract unusual terms at his own expense for the carriage of the goods to the agreed point at the named place of destination by a usual route and in a customary matter.
		The insurance shall be contracted with underwriters or an insurance company of good repute and, failing express agreement to the contrary, be in accordance with minimum cover of the Institute Cargo Clausues (Institute of London Underwriters) or any similar set of clausules.
		Where applicable, the costs of customs formalities necessary for export as well as all duties, taxes or other charges payable upon export, an for their transit through any country if they were for the seller’s account under the contract of carriage.
	www.voigt.nl /html/cip.htm (1200 words)

	Bellville Rodair International (Site not responding. Last check: 2007-10-18)
		The buyer must contract at his own expense for the carriage of the goods from the named place, except when the contract of carriage is made by the seller as provided for in A3 a).
		The seller must contract on usual terms at their own expense for the carriage of the goods to the named port of destination by the usual route in a seagoing vessel (or inland waterway vessel as the case may be) of the type normally used for the transport of goods of the contract description.
		The seller must obtain at their own expense cargo insurance as agreed in the contract, such that the buyer, or any other person having an insurable interest in the goods, shall be entitled to claim directly from the insurer and provide the buyer with the insurance policy or other evidence of insurance cover.
	www.bricanada.com /02_tools_04_inco_terms_02_incodetails.htm (13544 words)

	Carriage and Insurance Paid To (SD) (Site not responding. Last check: 2007-10-18)
		This is the same as CPT, but additionally, the seller must contract for insurance and pay the insurance premium.
		The CIP term also requires the seller to clear the goods for export.
		The CIP term may be used for any mode of transport including multimodal transport.
	help.sap.com /saphelp_45b/helpdata/en/35/2af87aaae85cd5e10000009b38f974/content.htm (70 words)

	Incoterms 2000
		The "C" terms (CFR, CIF, CPT and CIP)-Terms where the seller/exporter/manufacturer is responsible for contracting and paying for carriage of the goods, but not responsible for additional costs or risk of loss or damage to the goods once they have been shipped.
		Main carriage-The primary transport of goods, generally for the longest part of the journey and generally from one country to another.
		However, both the seller and buyer should be aware that they may have insurable interest in the goods and prudence dictates purchase of insurance coverage.
	www.geo-logistics.com /WTR_Customs/incoterms.asp (1533 words)

	Shipping Insurance
		Air shipments may also be covered by marine cargo insurance or insurance may be purchased from the air carrier.
		Arrangements for insurance may be made by either the buyer or the seller, in accordance with the terms of sale.
		Although sellers and buyers can agree to different components, coverage is usually placed at 110 percent of the CIF (cost, insurance, freight) or CIP (carriage and insurance paid to) value.
	www.export.gov /shippinginsurance.html (230 words)

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