Context: Zhang agrees to sell Ian pharmaceutical herbs from China to Australia. Zhang and Ian finally agree on a price for delivery CIP Melbourne (Incoterms 2020). Unfortunately, when the ship carrying the goods is about halfway through the journey, the ship is hijacked by pirates, and the container with the Remedy Mix inside is stolen and never found again.

Question: In the scenario above where the goods are stolen by pirates, what can Ian do to recover at least some of his loss?