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carriage and insurance paid UK US adjective, adverb (also freight and insurance paid, ABBREVIATION CIP)
► COMMERCE, TRANSPORT, INSURANCE used to show that the company or person sending goods has paid for them to be transported and insured: »
carriage and insurance paid to Chennai
»The defective components should be returned to the premises of the company, carriage and insurance paid.
Financial and business terms. 2012.