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DDP in Chartering Meaning

The DDP meaning in Chartering terms is "Delivered Duty Paid". There are 1 related meanings of the DDP Chartering abbreviation.

DDP on Chartering Full Forms

  1. 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.

Frequently Asked Questions (FAQ)

  1. What does DDP stand for Chartering?

    DDP stands for Delivered Duty Paid in Chartering terms.

  2. What is the shortened form of Delivered Duty Paid in Chartering?

    The short form of "Delivered Duty Paid" is DDP for Chartering.

Citation

DDP in Chartering. Acronym24.com. (2021, March 5). Retrieved June 11, 2024 from https://acronym24.com/ddp-meaning-in-chartering/

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