DDP
Also called: delivered duty paid
The Incoterms rule placing the most obligation on the seller: the seller delivers goods cleared for import at the named destination and bears all costs, including duties and import taxes. The seller effectively acts as, or appoints, the importer.
In practice
Sellers offering DDP must be able to act as importer, register for import VAT and recover it, which is not possible in every country without a local entity or representative.
EU
Türkiye
USA
UKRelated terms
- Incoterms
- A set of standard three-letter trade terms published by the International Chamber of Commerce that allocate delivery point, risk, costs and customs…
- EXW
- The Incoterms rule placing the least obligation on the seller: goods are made available at the seller's premises and the buyer arranges loading,…
- Importer of record
- The party legally responsible for an import, including correct declaration, payment of duties and compliance with regulations. The term is used…
- Import VAT
- Value added tax charged on goods when they enter a VAT territory, collected by customs together with duty. Its base is normally the customs value…