What is DDP delivery to site? ? ?
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I saw in a tender document that both domestic and imported materials are quoted on a DDP basis, with the cost including taxes, as well as necessary spare parts and specialized tools. What does DDP at the delivery site mean? ? ?
Under the DDP term, the seller bears the greatest responsibility
Explanation of the DDP trade term: Delivered Duty Paid – it refers to delivery upon completion of taxes; the goods are delivered to the buyer at the buyer’s location after the seller has paid the relevant taxes, and the seller assumes significant risks and responsibilities. Under DDP, the seller is responsible for covering the freight from the exporting country to the importing country, insurance costs, port charges such as those for loading at the port of shipment, as well as port charges such as those for unloading at the port of destination. The importer’s import duties are also paid by the seller. Therefore, the DDP trade term is an international trade term with a very high level of risk.
DDP precautions: Be aware that all applicable customs duties must be paid upon delivery to the home. Customers who opt for duty-unpaid delivery are responsible for paying customs duties when their package arrives at the final delivery address. Customers should note that imports and exports of goods are subject to strict controls. Each **imposes different customs duties on imported goods. Whether you deliver the goods with taxes paid or without them, customs duties must be paid if applicable; it is recommended that customers opt for delivery with taxes paid whenever possible.