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Who pays cargo insurance under CIF and CIP? Minimum mandatory coverage rules

Incoterms 2020 rules regarding exporter-contracted insurance policies and coverage requirements.

ATTHOS COMEXForeign Trade Senior Advisory Team
Who pays cargo insurance under CIF and CIP? Minimum mandatory coverage rules

Insurance Allocation in CIF & CIP

CIF only mandates basic Clause C marine cover, while CIP requires comprehensive Clause A (All Risks) under updated rules.

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