{"@context":"https://schema.org","@type":"DefinedTerm","name":"Insurance obligation under Incoterms","description":"Under Incoterms, an obligation to arrange transport insurance does not apply across the board — it is limited to two terms: CIF (Cost, Insurance and Freight) and CIP (Carriage and Insurance Paid). Only under these two rules must the seller procure a policy with minimum coverage and include the premium in the contract price. Since Incoterms 2020, the minimum coverage required under CIP is broader than that prescribed under CIF. For all other terms — FOB, FCA, DAP, DPU, and the rest — the seller h","inDefinedTermSet":{"@type":"DefinedTermSet","name":"Frachtportal Logistics Glossary","url":"https://www.freight-academy.com/en/glossary"},"url":"https://www.freight-academy.com/en/glossary/insurance-obligation-under-incoterms","inLanguage":"en","dateModified":"2026-06-26T17:47:02.882275","citation":"https://iccwbo.org/business-solutions/incoterms-rules/","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/insurance-obligation-under-incoterms","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"Insurance obligation under Incoterms · Under Incoterms, an obligation to arrange transport insurance does not apply across the board — it is limited to two terms: CIF (Cost, Insurance and Freight) and CIP (Carriage and Insurance Paid). · Quelle: https://iccwbo.org/business-solutions/incoterms-rules/"}