Which of the following best describes the responsibilities outlined in CIP terms?

The option indicating that the seller must ensure minimal insurance cover during transit is accurate because it emphasizes the seller's obligation to protect the goods while they are in transit. Insurance serves to safeguard against potential losses or damages that may occur during transportation, reflecting a responsible practice in sourcing and logistics. This responsibility aligns with ethical sourcing principles, which advocate for minimizing risks and protecting investments throughout the supply chain.

In contrast, the other options do not accurately represent comprehensive responsibilities. For instance, citing that the seller is only responsible for customs clearance simplifies the seller's role, ignoring their other obligations throughout the delivery process. Suggesting that the seller pays for the entire delivery process overlooks shared responsibilities that can exist between sellers and buyers. Lastly, the notion that the seller assumes all risks after delivery negates the importance of risk management during transit, as sellers typically retain responsibility until the agreed-upon terms are fulfilled. Thus, choosing the correct answer highlights an essential aspect of ethical and responsible sourcing practices.