delivered duty paid (DDP) [named port or place of destination] |
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Definition
Term of sale signifying that the price invoiced or quoted by a seller includes all charges—freight, insurance, other associated charges, and duties (and taxes such as VAT, unless expressly exempted)—up to the destination named by the buyer, irrespective of the mode of transport. In some cases the seller may also arrange an import license if it is required.
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delivered duty paid (DDP) [named port or place of destination] is in the Banking, Commerce & Finance, Customs Documentation & Procedures, International Trade & Relations, Purchasing & Procurement and Shipping, Transport, & Travel subjects.
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