- DDP stands for Delivered Duty Paid
- In DDP, the seller is responsible for the entire supply chain, including packaging, delivery, customs clearance, and transportation costs
- The seller also bears all costs until the goods are delivered to the buyer
- Incoterms are international rules that determine the responsibilities and costs in trade
- DDP is a complex incoterm where the seller is responsible for all costs and delivery of goods
- The buyer’s only responsibility in DDP is to receive the goods at the designated location
Source: eurofiscalis.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
