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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.
Difference between DDP and CIP in shipping terms
How to differentiate CIP with DDP? What are the difference between DDP and CIP?
As per Inco terms DDP means, Delivered Duty Paid (named destination mentioned).
CIP means, carriage and insurance paid (up to the destination mentioned).
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.
I have written separate articles in detail about CIP and DDP. I suggest you to read these articles on CIP and DDP, so as to enable you to have a clear idea on these shipping terms.
What is DDP? What are the responsibilities of buyer and seller under DDP 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 DDP and CIP separately below:
The above articles clearly explain about CIP and DDP.
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.
I hope, you have clarified yourself on the difference between DDP and CIP. Do you have different thought on difference between CIP and DDP?
Write below your comment on difference between DDP and CIP.
The above information is a part of Guide on howtoexport and import
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