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Difference between CIP and CIF?

In short, they have identical meanings in practice, only differing in their usage...

CIP (Carriage, Insurance Paid To) Its appropriate usage is for all other modes of transport except seafreight.

CIF (Cost, Insurance, Freight) its appropriate usage is for sea-freight only.

Related Procurement Topics:
 
FCL & LCL


CIF


Multimodal Transport

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