DDP - DELIVERY DUTY PAID
Delivery duty paid is defined as a agreement whereby the seller assumes all of the responsibility, risk, and costs associated with transporting goods until the buyer receives or transfers them at the destination port.
Delivery duty paid is defined as a agreement whereby the seller assumes all of the responsibility, risk, and costs associated with transporting goods until the buyer receives or transfers them at the destination port.
Under the Delivered Duty Paid (DDP) Incoterm rules, the trader expects all obligations and prices for transporting the stock to the designated place of the target. The trader ought to pay every export and import formalities, fees, duties and taxes.
The seller is not obliged to confirm the merchandise for the pre - carriage or main carriage.
The seller is not obliged to confirm the merchandise for the pre - carriage or main carriage.
The buyer is free of any risk or price until the merchandise unit dud from the vehicle at the named place of destination, usually the buyer’s place of business.
DDP is that the alone Incoterms rule that places responsibility for import clearance and payment of taxes and/or duty to the seller.
These last requirements are a unit typically problematic for the seller. In countries with advanced or skilled worker import clearance procedures a merchant with native info may prefer to battle these responsibilities.
The seller is in command of all costs and risks to the merchandise unit flop. |
DDP Incoterm Obligations
Seller’s Obligations
- Goods, business invoice and documentation
- Export packaging and marking
- Export licenses and customs formalities
- Pre-carriage and delivery
- Loading charges
- Main carriage
- Proof of delivery
- Import formalities and duties
- Cost of all inspections
- Delivery to the named place of destination
Buyer’s Obligations
- Payment for the merchandise as per sales contract
- Assist merchant in obtaining any documents or information necessary for export or import clearance formalities
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