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With CIP terms being used at what point does the buyer take ownership of goods, it is my understanding that even if the seller is paying for the freight and insurance that the buyer takes ownership at point of freight being loading on the truck from seller site.n your explaination, you mentioned that CIP to the âNamed PORT of Destinationâ. But, the reference book that I have showed it should be âName PLACE of Destinationâ. What is the diffirence of the two. I often come accross shipper putting CIP MNL.
Owners, developers, construction managers and general contractors face a host of. insurance uncertainties with every project. While no silver bullets can eliminate. every uncertainty, a controlled insurance program (CIP) can improve coverage. without blowing budgets by consolidating into one program insurance coverages. for all project contractors and subcontractors. Also known as a wrap-up, a CIP can.