Carriage & insurance paid to (CIP)

Carriage & insurance paid to (CIP),

Definition of Carriage & insurance paid to (CIP):

1. [Named port of destination] Term of sale signifying that the price invoiced or quoted by a seller includes all costs up to a named port-of-destination. By comparison, cost, insurance, and freight (CIF) term includes all costs only up to a named port-of-destination. See also carriage paid to (CPT).