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CARRIAGE AND INSURANCE PAID TO
(…named place of destination)

《Carriage and insurance paide to... 》means that the seller has the same obligations as under CPT but with the addition that the seller has to Procure-cargo insurance against the buyer's risk of loss of or damage to the goods during the carriage. The seller contracts for insurance and pays the insurance premium.

The buyer should note that under the CIP term the selle- is only required to obtain insurance on minimum coverage.

The CIP term requires the seller to clear the goods for export, This term may be used for any mode of transport including multimodal transport.

Ａ THE SELLER MUST

A1 Provision of goods in conformity with the contract

Provide the goods and the commercial invoice or its equivalent electronic message,in conformity with the contract of sale and any other evidence of conformity which may be required by the contract.

A2 Licences, authorint'ons and formalities

Obtain at his own risk and expense any export licence of other official authorisation and carry Out ~ll customs formalities necessary for the exportation of the goods.

A3 Contract of carriage and insurance

a) Contract of carriage

Contract on usual terms at his own expense for the carriage of the goods to the agreed point at the named place of destination by a usual route. and in a customary manner. If a point is not agreed or is not determined by practice,the seller may select the point at the named place of destination which best suits his purpose.

b) Contract of insurance

Obtain at his own expense cargo insurance as agreed in the contract, that the buyer, or any other person having an insurable interest in the goods,shall be entitled to claim directly from the in7 surer and provide the buyer with the insurance policy or other evidence of insurance cover.

The insurance shall be contracted with underwriters or an insurance company of good repute and, failing express agreement to the contrary, be in accordance with minimum cover of the institute Cargo Clauses (Institute of London Underwriters )or any similar Set of clauses. The duration of insurance cover shall be in accordance with B. 5. and B. 4. When required by the buyer, the seller ,"I provide at the buyer's expense war, strikes, riots and civil commotion risk insurances if procurable. The minimum insurance cover the price provided in the contract plus ten per cent (i. e.110%)and shall be provided in the currency of the contract.

A4 Delivery

Deliver the goods into the custody of the carrier or,if there are subsequent carriers to the first carrier or transportation to the named place of destination on the date or within the period stipulated.

A5 Transfer of risks

Subject to the provisions of B. 5, bear all risks of loss of or damage to the goods until such time as they have been delivered in accordance with A. 4.

A6 Division of costs

Subject to the provisions of B. 6.

Pay all costs relating to the goods. until they have been delivered in accordance with A. 4. as well as the freight and all other costs resulting from A. 3. , including costs of loading the goods on board any charges for unloading at the port of discharge which may be levied by regular shipping lines when contraWng for carriage.

pay the costs of customs formalities necessary for exportation as well as all duties ,taxes and other official charges payable upon exportation. .

A7 Notice to the buyer

Give the buyer sufficient notice that the goods have been delivered in accordance with A. 4. as well as any other notice required in order to allow the buyer to take measures which are normally necessary to enable him to take the goods.

A8 Proof of delivery, transport document or equivalent electronic message

Provide the buyer at the seller's expense, if custornary,with the usual transport document(for example,a negotiable bill of lading,a non-negotiable sea waybill,an inland waterway document, an air waybill, a railway consignment note,a road consignment, note or a multimodal transport document). Where the seller and the buyer have agreed to communicate electronically, the document referred to in the preceding paragraph may be replaced by an equivalent electronic data interchange (EDI) message.

A9 Checking- packaging- marking

Pay the costs of those checking operations (such as checking quality, measuring, weighing, counting)which are necessary for the purpose of delivering the goods in accordance with A. 4.

Provide at his own expense packaging (unless it is usual for the particular trade to send the goods of the contract description unpacked)which is required for the transport of the goods arranged by him. Packaging is to be marked appropriately.

A10 Other obligations

Render the buyer at the latter's request,risk and expense,every assistance in obtaining any documents or equivalent electronic messages(other than those mentioned in A. 8. ) issued or transmitted in the'country of dispatch and/or of origin, which the buyer may require for the importation of the goods and where necessary, tor their transit through another country.

 ＢTHE BUYER MUST

B1  Payment of the price

Pay the price as provided in the contract of sale.

B2 Licences, authorisations and formalities

Obtain at his own risk and expense any import licence or oth~ er official authorisation and carry out all customs formalities for the importation of the goods and where necessary,for their transit through another country.

B3 Contract of carriage

No obligation.

B4 Taking delivery

Accept delivery of the goods when they have been delivered in accordance with A. 4. and receive them,from the carrier at the named port of destination.

B5 Transfer of risks

Bear all risks of 1~ of or damage to the goods from the time they have been delivered in accordance with A. 4.

Should he fail to give notice in accordance with B. 7. bear all risks of the goods from the agreed date or the expiry date of the period fixed for delivery provided, however, that the'goods have been duly appropriated to the contract,that is to say,clearly set aside or otherwise identified as the contract goods

B6 Division of costs

Subject to the provisions of A. 3. pay all costs relating to the goods from the time they have been delivered in accordance with A. 4. , and,. unless such costs and charges have been included in the freight or incurred by the seller when contracting for carriage in accordance with A. 3. a), pay all costs and charges relating to the goods whilst in transit until their arrival at the agreed place of destination,as well as unloading costs.

Should he fial to give notice  notice in accordance with B. 7. pay the additional costs thereby incurred for the goods from the agreed date the expiry date of the period fixed for dispatch provided,however,that the goods have been duly appropriated to the contract,that ,is to say, clearly set aside or otherwise identified as the contract goods.

Pay all duties,taxes and other official charges as well as the of carrying out customs formalities payable upon importation of the goods and where necessary t for their transit through another country.

B7 Notice to the seller

Whenever he is entitled to determine the time for dispatching '*6, goods and/or the destination, give the seller sufficient notice thereof.

B8 Proof of delivery, transport document or equivalent elect9onic message

Accept the transport document in accordance with A. 8. if it is conformity with the contract.

B9 Inspection of goods

Pay,unless otherwise agreed,the costs of pre-shipment inspection except when mandated by the authorities of the country of exportation.

B10 Other obligations

Pay all costs and charges incurred in obtaining the documents equivalent electronic messages mentioned in A. 10. and reimburse those incurred by the seller in rendering his assistance in accordance therewith.

Provide the seller . upon request, with the necessary information for procuring insurance.

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