DDP - DELIVERED DUTY
PAID (incoterms 2000)
What is DDP?
DDP is a delivery
term Delivered Duty Paid, specified in INCOTERMS 2000.
DDP means that the seller
delivers goods to the named place of destination.
The seller pays costs until
the goods delivered to the named place of destination.
The goods delivered with DDP
are cleared for export by seller.
This also means that the
buyer should bear all costs and risks of loss or damage
from the point of delivery.
It is recommended to
verify specific details in Incoterms 2000.
Import, Export,
Incoterms
The seller's obligations in DDP
term:
Provision of goods
Licenses and export
formalities
Delivery at the named place
Transfer of risks to the
buyer
Details are specified
in Incoterms 2000
The buyer's obligations
in DDP term:
Payment of the price
Licenses and import
formalities
Contracts of carriage to the
named place
The buyer should bear all
risks from the time the goods are delivered according to DDP
term
Details are specified
in Incoterms 2000
Additional information about divisions of
costs, notice to the buyer, notice to the seller, proof of
delivery, transport documents and other
obligations available in INCOTERMS 2000 of
ICC.
Search for more in the
database
Subjects keywords:
DDP, DELIVERED DUTY
PAID: DDP definition, seller's obligations in DDP term,
buyer's obligations in DDP term, INCOTERMS. All information
about DDP.
