The seller pays for moving the goods to destination.From the time the goods are transferred to the first carrier, the buyer bears the risks of the loss or damage.The seller, however, purchases the cargo insurance.
A)EXW
B)FCA
C)CPT
D)CIP
E)DAT

Question

Quizplus · Accepted Answer

CIP (Carriage and Insurance Paid To) means the seller pays for moving the goods to the destination and also purchases cargo insurance, while the buyer bears the risk once the goods are handed over to the first carrier.

The Seller Pays for Moving the Goods to Destination