CIP – CARRIAGE AND INSURANCE PAID TO
SELLER’S OBLIGATIONS
INSURANCE - Insurance is covered by seller until delivery (aligned with transport).
RISK ? - Risk remains at loading at main mode of transport (unless otherwise agreed upon).
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BUYER’S OBLIGATIONS
INSURANCE/RISK ? - Buyer bears risk from loading at main mode of transport on. However buyer does not manage transport during main mode of transport. Only from arrival on do Transport/Risk/Insurance align.
SELLER’S OBLIGATIONS
INSURANCE - Insurance is covered by seller until delivery (aligned with transport).
RISK ? - Risk remains at loading at main mode of transport (unless otherwise agreed upon).
----- ----- ----- ----- ----- -----
BUYER’S OBLIGATIONS
INSURANCE/RISK ? - Buyer bears risk from loading at main mode of transport on. However buyer does not manage transport during main mode of transport. Only from arrival on do Transport/Risk/Insurance align.