The following Commercial guidance note provides comprehensive and up to date legal information covering:
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Incoterms® 2010 rules were replaced by Incoterms® 2020 rules with effect from 1 January 2020. For the DDP Incoterm applicable from 1 January 2020, see Practice Note: Incoterms® 2020 Rules—DDP Delivered duty paid.
DDP (insert named place of destination) Incoterms® 2010
This rule may be used irrespective of the mode of transport selected and may also be used where more than one mode of transport is employed.
‘Delivered Duty Paid’ means that the seller delivers the goods when the goods are placed at the disposal of the buyer, cleared for import on the arriving means of transport ready for unloading at the named place of destination. The seller bears all the costs and risks involved in bringing the goods to the place of destination and has an obligation to clear the goods not only for export but also for import, to pay any duty for both export and import and to carry out all customs formalities.
DDP represents the maximum obligation for the seller.
The parties are well advised to specify as clearly as possible the point within
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