What does the term DDP mean?
“DDP” Delivered duty paid…(named place of destination) means that the seller fulfils his obligation to deliver when the goods have been made available at the named place in the country of importation. The seller has to bear the risks and costs including duties, taxes and other charges for delivering the goods to that point cleared for importation. If the seller is unable directly to obtain an import licence (if required) the term should not be used. Whilst the EXW term represents the minimum obligation for the seller DDP represents the maximum obligation.
