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What is DDP – Delivered Duty Paid ?

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DDP

What is DDP?

DDP – Delivered Duty Paid (named place of destination)

Seller is responsible for delivering the goods to the place agreed in the contract of sale (named place), and must pay all costs required to bring the goods to the destination including import duties and taxes. The seller, however, is not responsible for unloading. This term places the highest responsibility on the seller and lowest responsibility on the buyer. The seller bears all risk and responsibility until the delivery of the goods at the named place of destination.

Under DDP terms there is a higher risk of delays and unforeseen expenses. The seller is responsible for clearing customs, paying duties and taxes,  and arranging all the necessary registrations. The seller generally has to act as a foreign importer of record at the destination country and therefore should have a detailed understanding of import rules and regulations of that country.

Tags: incoterms

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