CPT Incoterms

What does the term CPT Incoterms mean?

CPT delivery term in Incoterms 2010 is decrypted “Carriage Paid To” with an indication the destination place. The dealer will transfer the cargo released in the customs export mode to the carrier.

Read More

What is DDU?

Delivered Duty Unpaid is a transborder commercial term that represents the marketer’s liability for the secure freight delivery to a specified location. Payment of shipping expenses and taking every risk during transportation is also the accountability of the consignor.

The purchaser is answerable for paying import duties and for further shipping charges upon supply to the addressee.

Read More

What is DDP

What is DDP

When it comes to international trade, one of the most pressing issues is shipping. In drawing up contracts, the Incoterms 2010 (by The International Chamber of Commerce) help out.

What is DDP?

DDP means delivery duty paid (place name). The term is always used with the arrival place indication. Most often, this is the buyer’s warehouse. First, let’s figure out what does DDP mean in incoterms?

What is DDP

The seller is responsible for delivering the goods to the specified location (which determines by the buyer). The manufacturer also pays all costs for delivering the products to the destination, including import duties and taxes. A separate contract’s clause must specify whether the cargo’s unloading is the seller’s responsibility.

What does DDP stand for in shipping?

All risks in the delivery process are borne by the seller:

  • Selection carriers and contracts conclusion.
  • Goods damage or loss insurance in transit.
  • Search for lost cargo.
  • Pay idle at the terminal (not even the seller’s fault).
  • Loading and unloading organization and payment (at ports, airports, cargo terminals).

What does DDP stand for in shipping when crossing the border?

One of the most difficult delivery points using DDP for the seller is the products’ customs clearance. For example, in some countries only resident firms or local affiliates are allowed to import goods. Also, the seller must independently:

  • Calculate and pay duties, taxes.
  • Get insurance.
  • If necessary, obtain licenses and certificates.
  • Fill out the customs declaration.

If the seller does not take into account any buyer’s country laws or misinterprets them, he will incur unforeseen expenses. Also, the cargo can be strongly delayed at the border.

What is DDP shipment for buyer?

This term sets the maximum obligations to the seller and the minimum obligations to the buyer. No risk or liability is transferred to the buyer until the goods are delivered to the specified destination. The buyer can take the goods’ unloading in stock. This should be spelled out in the contract.

What is DDP in accordance with the maritime rules and inland navigation?

The term DDP is suitable for all transport modes and their various combinations. It can be used for container and non-container transportation. In the case where the load is sealed, the term DDP is ideal. The risk and responsibility for unloading from one carrier to another remains on the seller. If you use another term, for example, DAT (delivered at terminal), the container would have to be opened. Otherwise, there is no way to check the freight integrity.

What is DDP shipment with an independent agent?

The DDP delivery term can’t be applied if the seller directly or indirectly can’t ensure the import fulfillment customs procedures for the products’ importation. However, it is allowed to attract a customs broker.

If the parties have agreed to exclude some of the expenses payable on import (such as value added tax – VAT) from the seller’s obligations, this should be clearly defined in the sale’s contract. In some cases, certain fees types payment can be completely avoided. NH Logistics conducts business consultations on customs clearance profitable issues.

The seller may agree to the DDP delivery and transfer authority to an independent agent. An importer responsibilities are often performed by logistics companies. NH Logistics can take on the delivery services’ full range or carry out only the functions needed by the client.

What is DDP for carrier?

The term DDP may be used in the products’ carriage by any transport’s mode, including mixed, multimodal transport and groupage cargo. The word “carrier” means any company who on the carriage contract basis undertakes to provide or arrange for the freight transportation by rail, road, air, sea and inland waterway or these transport’s types combination.

Do you want to know the delivery rules to a particular country? Learn more about what does DDP mean in shipping terms.

Contact NH Logistics specialists via phone or email!

Our experts will consult you

We do not only provide customized storage solutions that aligns with your business, but also provide a range of other warehousing services, which includes fulfilment, returns management, packaging, specialty wrapping, transportation, logistic support, customized logistic process, supply chain management, distribution, inventory control, door-to-door transport, pick and pack operations, cross dock distribution, labelling, temperature controlled storage solutions, food grade facilities, and so on.

Read More

Unbeatable trucking and transport services

Core values are the fundamental beliefs of a person or organization. The core values are the guiding principles that dictate behavior and action. Core values can help people to know what is right from wrong; they can help companies to determine if they are on the right path and fulfilling their business goals; and they create an unwavering and unchanging guide. There are many different types of core values and many different examples of core values depending upon the context.

Read More