DDP (Delivered Duty Paid) is one of the international trade terms that means the freight forwarder bears all the costs and risks of transporting the goods to the specified destination and completing t
Specific services include:
1. Transport arrangements: Freight forwarders are responsible for transporting the goods to the destination.
2. Insurance: Usually only the back-end choose express delivery or the price of goods is particularly high customers may need, Usure can provide insurance services to protect the loss of cardboard box damage.
3. Export declaration: The freight forwarder handles export declaration and related procedures, and can use the seller's letterhead to declare or refund taxes.
4. Import customs clearance: the freight forwarder is responsible for the import declaration of the destination and the payment of duties and taxes.
5. Transport to final destination: The freight forwarder will deliver the goods to the place specified by the buyer.
6. Risk transfer: The risk of the goods ends after delivery to the buyer at the destination. From the delivery to the receipt of the goods, both the buyer and the seller do not need to bear the risk, unless it is force majeure factors (typhoons, earthquakes and other natural disasters resulting in loss or damage to the goods).
Main features:
1. Seller's responsibility: The seller only needs to provide the true information of the goods and deliver the goods safely to the warehouse designated by the freight forwarder.
2. Buyer's convenience: The buyer only needs to receive the goods at the destination, without handling transportation and customs clearance, and without paying any additional fees. And the price provided by the freight forwarder is very competitive, which can save a lot of freight costs for buying and releasing.
Application scenario
1. Buyers want to save freight costs as much as possible
2. Buyers don't want to bother with shipping
3. Neither buyer nor seller wants to take the risk of transportation
Summary: Under DDP terms, Usure Shipping Co. assumes full shipping and customs clearance responsibility, and the buyer only needs to receive the goods at the destination.