The seller has the same obligations as CFR. However, in addition to loss or damage during the transportation of goods has to procure marine insurance against buyer's risk. Seller contracts for insurance and pays the insurance premium. The buyer seller should know is required to obtain insurance only on minimum cover.
The seller should not be to clear the goods for export. This term is used only for sea and inland waterway transport. If the ship's rail, the CIP does not mean anything in practice it is more convenient to use the term.