Import Export Specialist Interview Question:

Do you know what is DDP?

Submitted by: Muhammad

DDP is delivered duty paid (named place of destination). This is an Incoterm. Find more information about Incoterms at the Incoterm 2000 website. The seller clears the goods for export and pays for delivery to the named destination. The seller meets all the costs and risk of clearing the goods for import, though the buyer may agree to bear some of the costs. The goods are delivered when they arrive, cleared for import but not unloaded, at the named destination.
Submitted by: Muhammad