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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 first carrier. This means that the buyer bears all risk and any additional costs occurring after the goods have been so delivered.It is the same as CPT except that the seller also pays for the insurance. Seller is required to obtain insurance only on minimum cover, additional coverage is responsibility of buyer or must be agreed between seller and buyer. Under CIP seller is also required to clear the goods for export.
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30.09.2010
President
of Azerbaijan in Baku inspected imported new cars
n order to improve the quality of taxi services in Baku
brought modern cars that meet European standards.
September 30 President of Azerbaijan Ilham Aliyev
inspected the new cars.
more »
27.09.2010
Azerbaijan can allocate additional funds for the
Georgian section of Baku-Tbilisi-Kars
Ministry of Finance of Azerbaijan does not exclude the
possibility of additional funding for work on the
Georgian section of Baku-Tbilisi-Kars.
more »
28.09.2010
In Georgia, have introduced fines for throwing litter
from vehicles
Georgian authorities have once again tightened measures
against environmental pollution.
more »
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