CARRIAGE AND
INSURANCE PAID TO...
The risk is transferred as in
connection with CPT, i.e. when the seller delivers the goods
to the first carrier. Marine Cargo Insurance is taken out by the seller to cover
the buyer's
risk from the place of risk transfer to the destination on conditions that at
least comply with
the minimum conditions laid down by the Institute Cargo Clauses or similar.
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INSURANCE
The seller is under obligation
to take out insurance at the buyer's risk from surrender
to the first carrier to destination.