Mobile phones from Taiwan to Australia: CIP Keilor Park warehouse of Mobile Distributors, Melbourne, Australia - Incoterms® 2020
In practice, delays caused at origin which incurs in additional expenses are usually a topic of discussion between buyer and seller. The buyer is responsible for customs clearance. Freight doesn’t have the same cost when delivered at the port or at a destination warehouse, additional inland and terminal handling charges will apply.
For CIP and CPT, place at the destination can be different locations like warehouses or truck terminals. In the case of claims, the buyer can claim directly with the insurance company. Seller arranges export clearance and can be used for any mode of transportation. Delivery happens at the origin with the first carrier, this means that delivery happens at origin and the seller pays for freight until the final destination. The seller obtains insurance for the buyer own risk. Extensive insurance is understood as “all-risk”. Seller pays for extensive insurance which is often acceptable for bulk cargo, but not for manufactured goods or high-value merchandise. Seller pays transportation and insurance to the destination. This term can be used for any mode of transportation.
The risk is passed when the goods are received by the first carrier. The buyer has the option to contract additional insurance. The seller must procure the minimum insurance until the named place of destination. The seller must pay the cost of carriage, but the seller risk ends at the place of shipment. Under CIP terms, the seller clears the goods for export and is responsible for delivering the goods to the carrier nominated by the seller. CIP – Carriage and Insurance paid to (Place of Destination) - Incoterms 2020 Explained
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