CIP is Carriage and Insurance Paid To. DDP is Delivered Duty Paid. Incoterms 2020.
| Cost block | CIP | DDP |
|---|---|---|
| Export clearance | Seller | Seller |
| Carriage to port / terminal | Seller | Seller |
| Loading onto main carriage | Seller | Seller |
| Main carriage (freight) | Seller | Seller |
| Insurance | Seller | Neither obliged |
| Unloading at destination | Buyer | Buyer |
| Import clearance | Buyer | Seller |
| Duties and import taxes | Buyer | Seller |
| Risk passes | When the goods are handed to the first carrier — same as CPT. | At the named destination, ready for unloading, after import clearance. |
| Transport mode | Any mode | Any mode |
The 2020 revision raised CIP cover above CIF’s. Contracts copied from pre-2020 templates often still assume they match.
Many countries will not let a non-resident seller act as importer of record, and unrecoverable import VAT quietly becomes a cost.
The Incoterm and named place belong on the commercial invoice, the packing list and the shipper's instructions — spelled the same way on each. ovrseas generates the set from one entry so they cannot disagree with each other.
Commercial invoice templateIncoterms® is a registered trademark of the International Chamber of Commerce. This page is an independent summary of how costs and risk are allocated and is not affiliated with or endorsed by ICC. For contract drafting, use the official Incoterms® 2020 rules published by ICC.