Delivered Duty Paid(redirected from Free Domicile)
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