Delivered Duty Paid (DDP)

Delivered Duty Paid is an incoterm used to define an agreement in which the seller is responsible for delivering the goods, import cleared, at the final destination.

What is Delivered Duty Paid (DDP) ?
Delivered Duty Paid, freight and duties paid, is an arrangement that requires the seller to deliver goods to a final destination after clearing import, ready to be unloaded by the buyer at the specified destination. Under this agreement, the seller must cover all risks and costs involved in bringing the goods to the final destination and is obliged to clear not just export but also import and manage all customs formalities.