Delivered Duty Paid (. . . named place of destination) (DDP)
(Incoterms© 2010, enter into force January 1, 2011) One of the 11 Incoterms© 2010.
In Delivered Duty Paid, the seller/exporter/manufacturer clears the goods for export and is responsible for their delivery to the “named place of destination.”
In DDP, the seller also clears the goods for import in the country of destination and pays for all import customs formalities, duties, fees, VAT (value added tax), and other taxes.
In DPP, the seller makes the goods available to the buyer on the arriving means of transport at the named place of destination, not unloaded.
When using the DDP term, it is advisable to clearly specify in the contract of sale and in contracts of carriage, not only the named place of destination, but also the precise point at or within the named place of destination.
In DDP, the named place of destination is domestic to the buyer and is often the buyer’s place of business.
The DDP term may be used for any mode of transport including multimodal.
The DDP term is ideal for multimodal transport.
All forms of payment are used in DDP transactions.
The DDP term places the greatest responsibility on the seller and the least responsibility on the buyer.
See Incoterms© 2010, World Trade Press Illustrated Guide to Incoterms© 2010 Appendix for details.