This is a very similar incoterm to the CPT one we just highlighted above. Again we stress the fact that the risk for the transport, transfers to the buyer before the costs do, but now with the CIP incoterm the seller is obligated to take an insurance for the buyer at his expense. Here too the Incoterm gives no instructions as to what type of insurance, so you might end up with limited liability coverage. At Embassy Freight we can offer you an all risk policy, with coverage for up to 110% of the commercial value of your goods.