what is CIP abbreviation
CIP. (Incoterms) Abbreviation for carriage and insurance paid to; the Incoterm (delivery term) under which the seller is responsible for arranging and paying for both the transportation of the goods and shipping insurance through to a named destination point, typically in the destination country.AS. (Incoterms) Abbreviation for free alongside. The Incoterm (delivery term) under which the seller is responsible for arranging transportation of the goods to a named ocean or inland waterway port and placing them âalongsideâ the vessel which the buyer has arranged to transport the goods.