CIF (Cost, Insurance and Freight) and CIP (Carriage and Insurance Paid to) are two Incoterms that include the seller's obligation to arrange insurance on the goods transported. However, the insurance coverage is very different. With CIF, the seller is required to arrange insurance with minimum coverage (Clause C of the Institute Cargo Clauses), which covers only the main risks. For high-value or particularly fragile goods, this coverage is often insufficient. With CIP (Incoterms 2020), the seller must arrange All Risks insurance (Clause A of the Institute Cargo Clauses), which provides the broadest coverage available. This change was introduced in the 2020 revision of the Incoterms. For high-value goods — such as industrial machinery, pharmaceutical products, works of art or precision electronics — Franzosini SA always recommends CIP or, alternatively, arranging a specific cargo insurance policy with All Risks coverage, regardless of the chosen Incoterm. Our office can assist you in evaluating the most suitable insurance coverage for your shipments and in choosing the optimal Incoterm for your commercial operations.