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).
Source: https://iccwbo.org/business-solutions/incoterms-rules/
Tools that match this term
You might also be interested in these terms
Analyze all 11 Incoterms 2020: cost matrix, risk timeline, insurance gap detector and customs responsibility – free, no login required.
Weekly: Top news, industry facts and insights from the world of logistics – free.
Content reviewed and editorially cleared.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.