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Dictionary

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Dictionary

CPT / CIP

Also Known As: Carriage Paid To, Carriage and Insurance Paid To

CPT means the seller pays for shipping to a destination, but risk transfers to the buyer once the goods are handed to the carrier. CIP is similar, but the seller also provides insurance for the shipment.

Both CPT and CIP involve the seller covering transport costs, but not full delivery responsibility. CIP adds an extra layer of protection by including insurance, making it more suitable for higher-value shipments.

Related Terms
DDP

DDP means the seller is responsible for the entire delivery process, including shipping, customs clearance, duties, and taxes. The order is delivered to the customer fully cleared, with no additional charges on delivery.

DDP

DDP means the seller is responsible for the entire delivery process, including shipping, customs clearance, duties, and taxes. The order is delivered to the customer fully cleared, with no additional charges on delivery.

DAP

DAP means the seller is responsible for delivering the goods to the destination, but the buyer must pay any import duties and taxes. The shipment may be held by the carrier until these charges are paid.

DAP

DAP means the seller is responsible for delivering the goods to the destination, but the buyer must pay any import duties and taxes. The shipment may be held by the carrier until these charges are paid.

FCA

FCA means the seller delivers the goods to a carrier or agreed location, after which the buyer takes responsibility for transport, customs, and risk.

FCA

FCA means the seller delivers the goods to a carrier or agreed location, after which the buyer takes responsibility for transport, customs, and risk.

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