The information provided here is part of Export Import Online Tutorial
The Buyers and Sellers are suggested to use Incoterms 2020, the latest version of delivery terms for movement of goods. Click here to read the extract of Inco Terms 2020, easily explained.
How to differentiate CIP with DAP? What are the difference between DAP and CIP?
As per Inco terms, DAP means Delivered at Place (named destination mentioned).
CIP means, carriage and insurance paid (up to the destination mentioned).
I have written separate articles in detail about CIP and DAP. I suggest you to read these articles on CIP and DAP, so as to enable you to have a clear idea on these shipping terms.
What is DAP? What are the responsibilities of buyer and seller under DAP terms? How does CIP terms work? What are the obligations of buyer and seller under CIP terms.
For your immediate reference, I give below web links on DAP and CIP separately below.
The Buyers and Sellers are suggested to use Incoterms 2020, the latest version of delivery terms for movement of goods. Click here to read the extract of Inco Terms 2020, easily explained.
The Buyers and Sellers are suggested to use Incoterms 2020, the latest version of delivery terms for movement of goods. Click here to read the extract of Inco Terms 2020, easily explained.
The above articles clearly explains about CIP and DAP.
The above information is a part of Import Export Training online
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I hope, you have clarified yourself on the difference between DAP and CIP. Do you have different thought on difference between CIP and DAP?
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