DDP (Delivered Duty Paid)

DDP (Delivered Duty Paid)

DDP (Delivered Duty Paid) is a term that is commonly used in international trade when the seller delivers the goods to the buyer's specified location, pays the costs associated with transportation to the final destination, and is responsible for all customs clearance and other duties or taxes associated with the import of the goods. The seller may use any mode of transportation, and the buyer is not responsible for any additional transportation or handling costs beyond the specified location.

Here is an example of how DDP (Delivered Duty Paid) might be used in a contract:

Seller: ABC Company

Buyer: XYZ Corporation

Goods: 100 units of widget A

Price: $10 per unit

Terms: DDP (Delivered Duty Paid)

Under these terms, the seller will deliver the goods to a designated location in Country Y, will pay the costs associated with transporting the goods to the specified location, and will be responsible for all customs clearance and other duties or taxes associated with the import of the goods. The seller may use any mode of transportation, and the buyer is not responsible for any additional transportation or handling costs beyond the specified location in Country Y. The seller is not responsible for any delays or damages that may occur during transportation.

In this example, the seller's responsibility is limited to delivering the goods to a designated location in Country Y, paying the costs associated with transporting the goods to the specified location, and being responsible for all customs clearance and other duties or taxes associated with the import of the goods. The buyer is not responsible for any additional transportation or handling costs beyond the specified location, customs clearance, or any other costs associated with getting the goods to their final destination.