16 April 2018
My company currently ships to many destinations in the Middle East using the Incoterm Delivered at Place (DAP) rule, although we are now considering whether it would be better to use the Carriage and Insurance Paid (CIP) rule instead.
Could you explain the following requirements when using the Incoterm CIP in terms of:
insurance requirements as a seller
documentation requirements as a seller for both customs and our customer.
What documentation is it necessary to complete? Is it still necessary to create documentation to clear customs at the receiver’s end?