Okuzeka
International Trade vocabulary · Incoterms

DDP

Meaning in international trade, with examples

abbreviationCore term

In international trade, DDP means: Delivered Duty Paid: an Incoterms rule in which the seller delivers the goods to the named place in the buyer's country, cleared for import and with all duties and taxes paid.

In Turkish: gümrük vergileri ödenmiş olarak teslim, DDP teslim

How it is used

The rule with the most obligation for the seller, the opposite of EXW. It is used when the buyer wants a door-to-door price. The seller must be able to act as importer in the buyer's country and deal with import VAT there, which is not always possible.

Example sentences

  1. The customer wants a DDP price delivered to their store in Amsterdam.

  2. Under DDP, any delay at import customs is our problem, not the buyer's.

Common collocations

  • DDP price
  • DDP door-to-door
  • quote DDP
  • DDP shipment
  • IncotermsA set of standard three-letter trade terms published by the International Chamber of Commerce that show which costs, risks and tasks belong to the seller and which to the buyer.
  • DAPDelivered at Place: an Incoterms rule in which the seller delivers the goods to the named destination, ready for unloading, and bears the risk until then; the buyer handles import clearance and duties.
  • EXWEx Works: an Incoterms rule in which the seller only makes the goods available at its own premises; the buyer handles loading, transport, and export and import formalities.
  • customs dutyThe tax paid to customs on imported goods, calculated from their customs value, their HS code and sometimes their origin.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Incoterms

Practise with graded reading

Reading at the right level is the fastest way to make new words stick. Pick free English books by level: