incoterm ddp meaning

Incoterm DDP meaning stands for Delivered Duty Paid, a shipping term used in international trade to specify that the seller is responsible for all costs and risks associated with delivering goods to a designated destination. Under DDP terms, the seller covers the costs of shipping, customs duties, taxes, and any other charges up until the goods are delivered to the buyer’s door. This term provides the buyer with the convenience of receiving the goods without having to handle customs clearance or additional payments. DDP is commonly used for transactions where the seller has control over the entire logistics process and wants to provide a fully inclusive service to the buyer.