Delivered Duty Paid


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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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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References in periodicals archive ?
Rules for containerized shipments have been separated by the ICC to minimize risks, namely FCA (free carrier), CPT (carriage paid to place/point), CIP (carriage, insurance paid to place/point), DAT (delivered at terminal), DAP (delivered at place) and DDP (delivered duty paid).
DDP Delivered Duty Paid (...named place of destination)