The delivery Carriage and Insurance Paid to is valid for all types of transport and it establishes that the seller must bear all expenses until the specified arrival destination, as well as expenses for obtaining licences and documentation for export from the country of origin and those for export customs operations. The sender must also bear the costs derived from crossing the other countries until the arrival destination. Unlike CPT, the seller must also bear the insurance costs.From the moment in which the goods have reached the arrival destination agreed, all expenses are to be considered borne by the buyer, including customs costs in the country of arrival.The wording of this delivery term is considered complete with the indication a specific place of destination (example C.I.P. Turin).
Categories: Incoterms 2010