Carriage paid to … (named place of destination) means that the seller pays the freight for the carriage of the goods to the named destination. However it should be noted that that all risks for loss or damage to the goods transfer to the buyer when goods are handed over into the custody of the [...]
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CIP – Carriage and Insurance Paid to (insert place of destination) 2010
By admin on August 28th 2010 - No Comment
Carriage and Insurance paid to …….(named place) means that the seller pays the freight to the named destination but with the addition that he has to procure cargo insurance against the buyer’s risk of loss or damage to the goods during the carriage. The buyer should note that the seller is only required to obtain [...]
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