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DDP

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Glossaries

Term Definition
DDP

The term means that the seller delivers when the buyer is provided withproduct, cleared of customs duties required for importation, on the arriving vehicle, ready for unloading at the named destination. The term imposes maximum obligations on the seller. The seller bears all costs and risks associated with the delivery of the goods to the destination, and is obliged to perform customs formalities necessary not only for export, but also for import, pay any fees charged during export and import, and perform all customs formalities.

Synonyms:Delivered Duty Paid, Delivery with payment of duties