what is cip terms
With CIP terms being used at what point does the buyer take ownership of goods, it is my understanding that even if the seller is paying for the freight and insurance that the buyer takes ownership at point of freight being loading on the truck from seller site.n your explaination, you mentioned that CIP to the âNamed PORT of Destinationâ. But, the reference book that I have showed it should be âName PLACE of Destinationâ. What is the diffirence of the two. I often come accross shipper putting CIP MNL.