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.
CPA in shipping means Charter Party Agreement
Insurance acc Dr 1000 Cash acc Cr 1000 P&L acc Dr 1000 To insurance acc Cr 1000
franchise acc - dr cash acc - cr
ACC
I am looking what does mean PAD in Shipping freight terms
it means to take care of the shipping and respect the terms
CIS: Chinese International Shipping
cnf
CIF
pm4
THCO
C is for cost (value before shipping) and F is for freight/shipping.
SEC
Telegraphic Transfer.
Notice of readiness
Delivered at terminal