CPT vs CIP: The Incoterms Everyone Confuses With CFR and CIF
For the official rules, see the ICC Incoterms 2020 overview, and our related guide on cargo insurance basics. CPT vs CIP incoterms confusion trips up even experienced shippers, since both terms transfer risk at the same point in the journey but differ in one critical way: who pays for insurance. CPT and CIP get lumped … Read more