Delivered Duty Paid
DDP (named place of delivery) Incoterms 2020
DDP suomeksi, in Finnish
ATTENTION! Incoterms 2020 takes effect on 1.1.2020. See also Incoterms 2010.
- The seller delivers the goods to the buyer by placing them at the disposal of the buyer on the arriving vehicle at the agreed place of destination.
- The seller pays the costs and bears the risk of loss of or damage to the goods until he has delivered them.
- The seller takes care of formalities for the export of the goods, for their transit through any country before the delivery and for the import of the goods.
- The buyer takes the delivery at the agreed place of destination and discharges the goods from the arriving means of transport.
- The buyer pays the costs and bears the risk of loss of or damage to the goods after the delivery
DDP is a term from D-group. The seller pays the costs including import formalities and bears the risks until the agreed destination, where the seller delivers the goods to the buyer by placing them at the buyer’s disposal on the arriving means of transport.
The place of delivery is any place agreed by the seller and the buyer, e.g. buyer’s warehouse. The seller delivers the goods on the arriving means of transport so that the buyer can discharge them. The buyer takes delivery when he unloads the goods from the arriving vehicle.
The seller pays the costs of transport. The contracting partner of the carrier is the seller.
The buyer bears the risk after the delivery.
The seller is responsible for the export formalities, for possible formalities in the country of transit and for import formalities. The buyer is not responsible for formalities This term can be used with all modes of transport, also in container traffic and in combined transport.