Daily Point 2095 CIP – Carriage and Insurance Paid

 

The Banking Tutor

                            Daily Point 2095

CIP – Carriage and Insurance Paid

(to named place of destination)

 

This is one of the Incoterms . CIP requires the seller to insure the goods for 110% of the contract value. The policy should be in the same currency as the contract, and should allow the buyer, the seller, and anyone else with an insurable interest in the goods to be able to make a claim.

Sekhar Pariti

                    +91 9440641014