DDP in Air Cargo Meaning
The DDP meaning in Air Cargo terms is "Delivered Duty Paid". There are 2 related meanings of the DDP Air Cargo abbreviation.
DDP on Air Cargo Full Forms
- Delivered Duty Paid Applicable for any mode of transport. Seller is responsible for delivering the goods to the named place in the country of the buyer, and pays all costs in bringing the goods to the destination including import duties and taxes. The seller is not responsible for unloading. This term is often used in place of the non-Incoterm "Free In Store (FIS)". This term places the maximum obligations on the seller and minimum obligations on the buyer. With the delivery at the named place of destination all the risks and responsibilities are transferred to the buyer and it is considered that the seller has completed his obligations.
- Delivery Duty Paid An incoterm from the ICC. Terms of sale also known as 'free domicile.'
Frequently Asked Questions (FAQ)
What does DDP stand for Air Cargo?
DDP stands for Delivered Duty Paid in Air Cargo terms.
What is the shortened form of Delivery Duty Paid in Air Cargo?
The short form of "Delivery Duty Paid" is DDP for Air Cargo.
Citation
DDP in Air Cargo. Acronym24.com. (2021, March 5). Retrieved November 5, 2024 from https://acronym24.com/ddp-meaning-in-air-cargo/
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