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Delivered duty paid

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Delivered Duty Paid
Delivered Duty Paid definition :
Seller must supply the goods at his or her own risk and expense to a named place in the country of importation.

 


DELIVERED DUTY PAID (DDP) - Seller must supply the goods at his or her own risk and expense to a named ...
DELIVERED DUTY UNPAID (DDU) - Seller fulfills the contract obligations when the goods have arrived at a...

Delivered Duty Paid
While the term "Ex Works" signifies the seller's minimum obligation, the term "Delivered Duty Paid, ...

Delivered duty paid (named place of destination) (DDP)
An Incoterm, where the seller clears the goods for export and pays for delivery to the named destination.

DDP (Delivered Duty Paid...named place of destination)
The seller fulfils his obligation to deliver when the goods have been made available at the named place in the country of importation.

English: Delivered Duty Paid, DDP
Espaņol: Entregado derechos pagados, DDP
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Voir LIBOR.

An international commercial term (Incoterm), meaning "delivered duty paid," that is used in international sales contracts to signify the maximum obligation (just as EXW signifies the minimum obligation) on the seller's part.

While the term "Ex Works" signifies the seller's minimum obligation, the term "Delivered Duty Paid", when followed by words naming the buyer's premises, denotes the other extreme -- the seller's maximum obligation.

A privilege granted by one country to another whereby the products of the privileged country pay the lowest delivered duty paid charged by the granting country.
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A privilege granted by one country to another whereby the products of the privileged country pay the lowest delivered duty paid charged by the granting country.

See also: Expense, On board, Compensation, Bills, Banks

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