incoterms ddp meaning

incoterms ddp meaning refers to a key shipping term used in international trade. DDP stands for “Delivered Duty Paid,” and it represents an agreement where the seller takes on full responsibility for shipping the goods to the buyer, including paying for all costs, taxes, and customs duties. Under DDP terms, the seller is responsible for delivery to the buyer’s specified location, which can include import duties and taxes in the destination country. The buyer’s only responsibility under DDP is to receive the goods at the agreed-upon location. This arrangement provides the buyer with a high level of certainty, as they do not need to worry about customs clearance or additional fees. DDP is often used in international e-commerce transactions where the seller wants to offer a simplified, all-inclusive price to the buyer, ensuring a smooth and predictable shipping experience.