What is carriage and insurance paid to in SAP SD-FT - Foreign Trade?

SAP Term: carriage and insurance paid to

• Component: SD-FT

• Component Name: Foreign Trade

• Description: An international commercial term under which the seller's exporter's price includes cost, insurance, and freight paid to an inland city. This is the same as carriage paid to, but the seller must contract for insurance and pay the insurance premium. The carriage and insurance paid to CIP term also requires the seller to clear the goods for export. The CIP term can be used for any mode of transport including multimodal transport.

Smart SAP Assistant

• Key Concepts: 
  Carriage and insurance paid to (CIP) is a term used in the SAP Foreign Trade module. It is a type of international trade transaction in which the seller pays for the transportation and insurance costs of goods until they reach the buyer's designated destination. 
  
  How to use it: 
  In SAP, CIP is used to define the terms of delivery for international trade transactions. The seller is responsible for arranging and paying for the transportation and insurance of goods until they reach the buyer's designated destination. The buyer is then responsible for any additional costs associated with the delivery. 
  
  Tips & Tricks: 
  When setting up a CIP transaction in SAP, it is important to ensure that all relevant information is included in the document, such as the buyer's address, the seller's address, and any other details related to the delivery. Additionally, it is important to ensure that all parties involved are aware of their responsibilities regarding the delivery. 
  
  Related Information: 
  For more information on CIP transactions in SAP, please refer to SAP Help documentation or contact your local SAP support team. Additionally, there are many online resources available that provide detailed information on CIP transactions and how to set them up in SAP.