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DDP

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Revision as of 03:21, 5 October 2017

Incoterm® for delivered duty paid by Seller. Used for all Shipping Modes.

Short Definition

"Delivered Duty Paid means that the Seller delivers the goods when the goods are placed at the disposal of the Buyer, cleared for import on the arriving means of transport ready for unloading at the named place of destination. The Seller bears all the costs and risks involved in bringing the goods to the place of destination and has an obligation to clear the goods not only for export but also for import, to pay any duty for both export and import and to carry out all customs formalities."

Copyright

Short definition per Incoterms® 2010 edition

Hierarchy

IDNameLevelx
INCOIncoterms0INCO
DDPDelivered Duty Paid (Destination)1DDP
Delivered Duty Paid (Destination) Incoterms 07 1 INCO, Terms, International, Trade, Standard, Terms, Transfer, Ownership, Insurance, Risk, Supply Chain, Logistics, Transport Delivered Duty Paid means that the Seller delivers the goods when the goods are placed at the disposal of the Buyer, cleared for import on the arriving means of transport ready for unloading at the named place of destination. The Seller bears all the costs and risks involved in bringing the goods to the place of destination and has an obligation to clear the goods not only for export but also for import, to pay any duty for both export and import and to carry out all customs formalities