This means that the seller has the same obligations as under the CPT, but is also obliged to take out transport insurance against the risk of loss or damage to the goods during transport. The seller takes out the insurance policy and pays the premium. The buyer should note that under the CIP the seller is only obliged to arrange insurance with minimum cover. The CIP clause requires the seller to clear the goods for export. This clause can be used for any mode of transport including combined transport.