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International commercial terms CIP&CIF

Posted: Mon Jun 07, 2010 11:47 am
by Phani Krishna
Hi Guys,
Can any one clarify me the more difference's in Carriage and Insurance Paidto (CIP) and Cost, Insurance and Freight (CIF)???

Incoterms

Posted: Mon Jun 07, 2010 5:06 pm
by picant
Hi Pal,

Only a highlight:

CIF, used for sea transport, so CIF Port of discharge
.
CIP for multimodal transport, so CIP Place of destination.

For more information see INCOTERMS 2000 Booklet.

Other comments appreciated

Ciao