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Delivered Duty Paid

   Also found in: Medical, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
Delivered Duty Paid (DDP)
Seller must supply the goods at his or her own risk and expense to a named place in the country of importation. The seller is responsible for importation, payment of duty, and on carriage to the location agreed upon with the buyer.
Delivered Duty Paid
In international commerce, an agreement between a buyer and a seller stating that the seller is responsible for paying for shipping and all transportation risk up to some agreed-upon delivery point. Of all incoterms, DDP gives the most responsibility to the seller and the least risk to the buyer. It is also called free domicile.
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At the other extreme is DDP, short for delivered duty paid, whereby the exporter quotes a price that covers all costs, including paying duties and clearing customs, associated with delivering the goods to an agreed point of delivery in the buyers' country.
Avoid pitfalls when export pricing by CLAYTON, GRAHAM / Northern Ontario Business
 
 
 
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