`  The last sentence in the CIP definition looks wrong to me. It seems to be copied from the CPT one. It does not make sense that the seller pays for insurance to the named destination point, and then the risk passes from the seller to the buyer when the goods are handed over to the first carrier. I would have expected the correct wording to be ``when the goods are received by the buyer from the last carrier, at the named destination point`` or something to that effect.`