Tags Business Accounting and Bookkeeping

Animals & Plants Arts & Entertainment Auto Beauty & Health Books and Literature Business Electronics Engineering & Technology Food & Drink History Hobbies Jobs & Education Law & Government Math People & Society Science Social Studies Sports Travel & Places

0

Subjects>Business>Accounting

What does CIP mean in shipping terms?

Updated: 4/28/2022

Wiki User

∙ 9y ago

Best Answer

In shipping terms, the acronym CIP stands for "carriage and insurance paid to". This means the seller pays the carrier (such as FedEx) the shipping rate to get the product to the buyer. The seller also pays the insurance premium that covers damages to or loss of the shipment.

Wiki User

∙ 9y ago

This answer is:

More answers

Wiki User

∙ 9y ago

In shipping terms CIP stands for carriage and insurance paid to. The CIP will be followed by the destination where the package is being shipped to.

This answer is:

Add your answer:

Earn +20 pts

Q: What does CIP mean in shipping terms?

Write your answer...

Submit

Still have questions?

imp

Continue Learning about Accounting

In shipping Terms what is a CPA?

CPA in shipping means Charter Party Agreement

Full form of CIP?

Customer Inspection Point or Canada Immigration Policy

How do you record a Construction in Process liability?

How do a liability of a CIP get recorded? Please Journalize.

What does debit mean in accounting terms?

take away from

What does appreciation mean in accounting terms?

Great value.

Related questions

What does terms of PAD mean in shipping?

I am looking what does mean PAD in Shipping freight terms

What does add mean in shipping terms?

it means to take care of the shipping and respect the terms

What does CIS mean in shipping terms?

CIS: Chinese International Shipping

What does cnf mean in shipping terms?

cnf

What does CRF mean in shipping terms?

CIF

What does THCO mean in shipping terms?

THCO

What does PM4 mean in shipping terms?

pm4

What does Terminal SEC mean in shipping terms?

SEC

What does tt mean in shipping terms?

Telegraphic Transfer.

What does NOR mean in shipping terms?

Notice of readiness

What does DAT in shipping terms mean?

Delivered at terminal

What does COB mean in shipping terms?

Cargo OnBoard

Trending Questions

Which companies offer compensation software? What is an abay? What personal information do you need for a certified check? How much is 79.99 with tax? How long is it before savings accounts go dormant? When should a resource inventory be updated? How do you crack bank account? Why did old fashion accountants wear green eye-shades? What is the occupancy tax for the state of Virginia? What is purpose of factory overhead applied and how this information can use by the cost accountant in minimum the cost of the product? How do i print IRS forms? Profit calculated by subtracting costs from Who? In the state of new york can you claim rent paid on your income tax return? Do you have to send w2 with tax return? How long does it take to get your federal refund if you mail it in but am getting direct deposit? Do you have to file form 1040 for deceased father? Can you get taxed twice for income earned in one state if you move to a different state? What is the international agency that adopted standards to regulate the use of pesticides? The revenue recognition principle dictates that revenue should be recognized in the accounting records? What if your dead sister was standing garentor for some one but was really not the garentor but was unaware that the debt was here?

Still have questions?

imp

Previously Viewed

What does CIP mean in shipping terms?

Resources

Top Categories

Product

Company

Copyright ©2024 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.