CIP
IncotermsCarriage and Insurance Paid To
The seller pays for carriage and insurance to a named place, but risk passes when the goods are handed to the first carrier.
In practice
The any-mode equivalent of CIF. Since Incoterms 2020 the seller must provide all-risks cover (ICC A), unlike CIF's minimum cover.
Seen in the wild
CIP buyer's warehouse Kuala Lumpur, ICC(A) cover.