CIF vs CIP
Where CIF and CIP differ in who pays, where risk passes and who insures — two Incoterms® 2020 rules compared from the same data as the cost matrix.
Key differences
- Transport mode — CIF: sea and inland waterway only; CIP: any mode of transport.
- Risk passes — CIF: on board the ship at the port of shipment; CIP: when handed to the first carrier.
Side by side
| Item | CIF | CIP |
|---|---|---|
| Transport mode | Sea and inland waterway only | Any mode of transport |
| Risk passes | On board the ship at the port of shipment | When handed to the first carrier |
| Packaging | Seller | Seller |
| Loading at origin | Seller | Seller |
| Export clearance | Seller | Seller |
| Pre-carriage | Seller | Seller |
| Main carriage | Seller | Seller |
| Insurance | Seller | Seller |
| Unloading at destination | Depends | Depends |
| Import clearance | Buyer | Buyer |
| Import duties | Buyer | Buyer |
| On-carriage | Buyer | Buyer |
Rows in bold would mark cost items that differ.
Which one fits your shipment?
Open the rule pages for the full cost table and notes: CIF and CIP. Or answer five questions in the rule chooser, which explains why each rule fits or does not.
Sources
Checked on .
- Export Development Canada — edc.ca
- Netherlands Chamber of Commerce (KVK) — kvk.nl
- UK Department for Business and Trade (business.gov.uk) — business.gov.uk
- International Chamber of Commerce — iccwbo.org
- US International Trade Administration — trade.gov
- Maersk (chart by Pilot Freight Services) — delivers.maersk.comsecondary