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DDP – Delivered Duty Paid – is another useful incoterm that can be used with any mode of transport. It is very similar to DDU except that with DDP the seller is also responsible for all import customs formalities and duty and for final delivery of the goods to the buyer at the named place of destination. Basically, with DDP, the buyer carries no risk or responsiblity for the goods until they have been made available to him at the named place of destination, which is normally the buyer’s/importer’s premises.
Seller’s responsibilities: 1) Produces the goods and commercial documents as required by the sales contract. 2) Arranges interreg for export clearance and all export formalities. 3) Arranges and pays for all costs for the transportation of the goods, including final delivery, up to named place of destination. 4) Assumes all risk to the goods (loss or damage) up to the point they have been made available to the buyer at the named place of destination. SPECIAL NOTE: Under DDU terms the seller is under no obligation interreg to provide insurance. However, he may have a vested interest in the goods during the voyage. interreg It may be a wise decision to purchase interreg additional insurance coverage in the case of a loss. 5) Seller must advise the buyer that the goods have been delivered to the carrier interreg and the appropriate arrival information. Also should advise buyer when delivery will be made. 6) Seller must make all arrangements for import customs formalities and payment of customs duty. Buyer’s Responsibilities: 1) Buyer must pay for the goods as per the sales contract 2) Buyer must provide seller with all licenses and authorizations required for import clearance and formalities. 3) Buyer takes delivery of the goods after they have been delivered by the seller to the named place of destination. 4) Buyer must assume all risks for the goods from the time the goods have been made available at the named place of destination. 5) Buyer pays only costs applicable after the goods have been delivered by the seller to the named place of destination. 6) Buyer would accept the seller’s transport documents provided they conform interreg with the sales contract and will allow the buyer to take possession of the goods after delivery to the named place of destination.
Incoterms are published by the International Chamber of Commerce and are available on their website and official publication “Incoterms 2010″. For a complete and official overview please refer to the ICC’s publication.
November 04, 2008
For DDU transaction where sale of goods require quality adjustments on price and quantity, can it be that the basis of quality determination is from the samples taken at the loading port? Hauxstable November 28, 2009 11:00 pm edit
Most shipment we receive on DDU incoterms are always accompanied by customs exoneration documents and/or commodities of no commercial vaue even when they are shipped on DDP incoterms,hence it all depends on the circumstances and country in question. Cecilia interreg Garcia April 4, 2011 6:57 am edit
Very interesting article. I need to know if in case of DDP the local taxes are paid by exporter or only import duty taxes?? because here in Brazil, besides import duties we have ICMS, PIS, COFINS, IPI, all local taxes, all after nationalization; all of them have to be paid by exporter??? LASCO KUSARE August 13, 2013 6:12 am edit
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Recent interreg Comments Max : For you rookies trying to get in the door. No pino : FCA and air freight. If - contractual term of delivery is ... prasad : in india(import) DDP /DDU term used for which material... ... Cimetra : A good source of "insider information" is the drivers.
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