Carriage and Insurance Paid To (CIP) is an Incoterm rule where the seller pays for transport and cargo insurance to a named destination, but the buyer takes the risk once the goods are handed to the first carrier.
When should you use it?
Use CIP when you want the seller to book and pay for the main trip (any mode of transport) and also buy “all-risks” style coverage for the buyer. The contract should name two places: the delivery point (where risk switches) and the destination (where the seller pays the carrier to go).
One common gotcha: even though the seller pays up to the destination, the risk can move much earlier. Also, the required insurance is typically Institute Cargo Clauses (A) and at least 110% of the contract value, unless you agree on something else in writing.
How Transportify fits in
If your shipment needs a local pickup, drop-off, or a domestic leg around the Philippines, Transportify can help you book the right vehicle fast and track the trip in one app. That supports the “carriage” part of your plan, while your sales contract and insurer handle the international rule and policy details.
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 | Noel Abelardo Deputy Country Director |
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