International programmes
Incoterm
International trade term that determines who assumes transport, procedures, and at what point the risk is transferred between seller and buyer.
In practice
Only CIF and CIP oblige the seller to take out insurance, and with different covers. In the rest, the goods travel insured or not depending on what each party has understood, and this is discovered when the claim arises.
Where it is addressed
This term is covered in Comercio internacional and applies when taking out Transportes.
