DDP Delivered duty paid

DDP (Delivered Duty Paid) is a trade clause used in international trade to regulate the responsibility and cost of transportation and customs clearance of goods between seller and buyer.
If the delivery is made according to the DDP clause, the Seller shall assume all obligations and costs associated with the transportation of the goods to the agreed destination in the country of destination. The seller bears the cost of transportation as well as import duties, taxes and other charges.
The seller’s main responsibility is to transport the goods to the destination and clear customs. This includes organizing the shipment, selecting the carrier, booking cargo space, and completing the necessary export and import documents. The seller also bears the risk of loss or damage to the goods during transportation until they arrive at their destination.
The buyer, on the other hand, has the obligation to take over and unload the goods at the agreed destination. The buyer is also responsible for any further customs clearance processes that may be required after the arrival of the goods, as well as for any costs or risks that may arise after delivery.
DDP is one of the so-called Incoterms (International Commercial Terms) developed by the International Chamber of Commerce (ICC) to establish uniform rules and conditions for international trade. It is important that buyers and sellers clearly agree on the Incoterms in their commercial contracts to avoid misunderstandings or disputes.