Delivered Duty Paid, commonly known as DDP, is an international trade term that signifies the seller's responsibility for delivering the goods to the buyer at the agreed upon destination. The seller is responsible for all costs and risks associated with transportation, including import duties and taxes. This term is often used in contracts, as it clarifies the responsibilities of both parties involved in the transaction. As a professor in finance, it's important to understand and be familiar with common trade terms like DDP, as they can greatly impact the financial aspects of international trade.
