DDP
Acronym for: Delivered Duty Paid
Incoterm where the seller handles all costs including duty, VAT, and final delivery; buyer does nothing.
Detailed Explanation
DDP (Delivered Duty Paid) is the most buyer-friendly Incoterm. The seller delivers goods to the buyer's specified address, handling ocean freight, insurance, customs clearance, import duty, VAT, and final trucking. All risk and cost are on the seller until the goods reach the destination warehouse. DDP pricing is 15-25% higher than FOB but provides pricing certainty. Popular for small-quantity orders or first-time importers. JUST SOLAR offers DDP service to 40+ countries.
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Related Terms
Incoterm where the seller delivers goods on board the vessel at the port of origin; buyer pays freight and insurance.
Incoterm where the seller pays cost, insurance and freight to the destination port; buyer handles customs clearance.
Minimum quantity required to place an order; typically one 40HQ container (~430-460 kW) for Tier-1 factories.
OEM = factory makes your branded product; ODM = factory designs and builds based on your spec.
Bank-issued payment guarantee commonly used in international trade to protect both buyer and seller.