DDP Shipping Terms – What is Delivery Duty Paid (DDP)?

DDP: Delivered Duty Paid Shipping Terms – What Is Delivered Duty Paid (DDP)?

ddpDelivered duty paid (DDP) is a shipping agreement where the seller assumes most of the responsibility, risk, and costs of transporting goods.  The seller is responsible until the buyer receives or transfers the merchandise at the destination port. This agreement includes paying for shipping costs, export and import duties, insurance, and any other expenses incurred during shipping.  The buyer is only responsible once the goods arrive at an agreed-upon location in the buyer’s country or region.

Under the Delivered Duty Paid (DDP)  Incoterms 2020, the seller is responsible for all costs to deliver the goods to the final destination. The seller must pay both export and import formalities, fees, duties, and taxes.  The buyer is free of any risk or cost until the goods are unloaded from the vehicle at the named place of destination, usually the buyer’s place of business.

Delivery Duty Paid (DDP Shipping)

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