DDP Delivered duty paid

DDP (Delivered Duty Paid) is a trade term used in international trade to regulate the responsibility and costs of transportation and customs clearance of goods between seller and buyer. When delivery is made under a DDP term, the seller assumes all obligations and costs associated with transporting the goods to the agreed destination in the destination country. The seller bears the costs 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 to handle customs clearance. 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.