ddp shipping meaning | BTCC Knowledge

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What is DDP Incoterms?

DDP, or Delivered Duty Paid, is an international trade term that refers to a shipment where the seller assumes total responsibility and costs for delivering the goods to the named destination. According to DDP Incoterms, what is each party responsible for? DDP is the Incoterm that places the most risk and responsibility on the seller.

What is delivered duty paid (DDP) shipping?

Delivered duty paid (DDP) shipping is a delivery agreement between buyers and sellers that places the risks and responsibilities of transportation on the seller until the buyer receives them.

What does DDP mean?

DDP indicates that the seller (exporter) assumes all the risk and transportation costs. The seller must also clear the goods for export at the shipping port and import at the destination. Moreover, the seller must pay export and import duties for goods shipped under DDP.

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