DDP Incoterms 2020: Meaning & Explanation
This page is designed to provide a basic level of understanding of Incoterms ® 2020 Rules published by the International Chamber of Commerce (ICC)
Incoterms 2020
EXW Ex Works FCA Δωρεάν Μεταφορέας FAS Δωρεάν παράλληλα με το πλοίο FOB Free on Board CFR Κόστος και Ναύλος CIF Κόστος, ασφάλεια και ναύλος CIP Μεταφορές και Ασφάλειες Αμειβόμενοι DAP Παραδόθηκε στη θέση DPU Delivered Named Place Unloaded DDP Καταβληθείσα χρέωσηIncoterms 2010
DAT Παραδόθηκε στο TerminalDDP — Delivered Duty Paid
The meaning of it is that the delivery is completed for the supplier when the goods are delivered to the recipient, import duty paid and cargo ready for unloading at the indicated destination. DDP clause implies maximum obligations for the shipper, as opposed to EXW clause, where all shipping responsibilities are placed on the recipient. Recipient assumes only the unloading of goods on the spot and insurance of the goods at will. All other costs are transferred to the supplier (export and import payments, costs of transportation of goods) DDP is used to transport goods by any means of transport.
Who covers the logistics charges?
Distribution of costs according to the Incoterm negotiated in the contract. Classification according to the increased level of obligations for the seller.
