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DDP in Shipping Meaning

The DDP meaning in Shipping terms is "Delivered Duty Paid". There are 2 related meanings of the DDP Shipping abbreviation.

DDP on Shipping 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.
  2. Delivery Duty Paid An incoterm from the ICC. Terms of sale also known as 'free domicile.'

Frequently Asked Questions (FAQ)

  1. What does DDP stand for Shipping?

    DDP stands for Delivered Duty Paid in Shipping terms.

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

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

Citation

DDP in Shipping. Acronym24.com. (2021, March 5). Retrieved November 5, 2024 from https://acronym24.com/ddp-meaning-in-shipping/

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