Delivered Duty Paid - DDP

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DEFINITION of 'Delivered Duty Paid - DDP'

A transaction in which the seller must pay for all of the costs related to transporting the goods and is responsible in full for the goods until they have been received and transfered to the buyer. This includes paying for the shipping, the duties and any other expenses incurred while shipping the goods.

BREAKING DOWN 'Delivered Duty Paid - DDP'

This type of delivery agreement places all of the risks and costs with the seller of the good until delivery is made. If the goods are damaged or lost in transit, the seller will be responsible for the costs.

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RELATED FAQS
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    Aspects of maritime law are relevant to international trade. However, delivery duty paid (DDP) only determines which party ... Read Full Answer >>
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    Legal regulations vary on delivery duty paid (DDP) based on the products being shipped as well as the location they are being ... Read Full Answer >>
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