Delivered Duty Paid definition

Delivered Duty Paid means that the seller delivers the goods when the goods are placed at the disposal of the buyer, cleared for import on the arriving means of transport ready for unloading at the named place of destination. The seller bears all the costs and risks involved in bringing the goods to the place of destination and has an obligation to clear the goods not only for export but also for import, to pay any duty for both export and import and to carry out all customs formalities.

Delivered Duty Paid means (i) Supplier shall deliver the Licensed Products to HP cleared for import; (ii) Supplier owns Licensed Products in transit; (iii) title and risk of loss pass to HP upon delivery of Licensed Products to the destination specified in the Purchase Order; (iv) Supplier pays and bears all costs, including but not limited to freight, shipping, duties, and taxes, required to deliver Licensed Products to the destination identified in the Purchase Order; (v) Supplier is liable for any loss or damage due to Supplier’s failure to preserve, package, handle or pack Licensed Products; and (vi) Supplier is responsible for insuring all Licensed Products until risk of loss passes to HP.

Delivered Duty Paid means that the seller fulfills his obligation to deliver when the goods have been made available at the named place in the country of importation. The seller has to bear the risks and costs, including duties, taxes and other charges of delivering the goods thereto, cleared for importation. This term may be used irrespective of the mode of transport.

Examples of Delivered Duty Paid in a sentence

• GCC 11.1— The Goods supplied under the Contract shall be Delivered Duty Paid (DDP) under which risk is transferred to the Buyer after having been delivered.

• The rejected goods shall be taken away by the Seller at his cost and replaced on Delivered Duty Paid (DDP) (FOR - BHEL Stores / designated destination basis) within such period.

• The rejected goods shall be taken away by the Seller at his cost and replaced on Delivered Duty Paid (DDP) (FOR - BHEL Stores/ designated destination basis) within such period.

• Upon the Termination Date or such other date as Pledged Collateral may be released pursuant to Section 7.15 of the Term Loan Security Agreement, the Administrative Agent and Collateral Agent shall execute, acknowledge, and deliver to the Pledgor an instrument in writing in recordable form releasing the collateral, grant, assignment, lien and security interest pledged and granted in and to all of its right, title and interest in, to and under the Trademarks under this Trademark Security Agreement.

• GCC 11.1 The Goods supplied under the contract shall be Delivered Duty Paid (DDP) under which risk is transferred to the buyer after having been delivered.

More Definitions of Delivered Duty Paid

Delivered Duty Paid means that the seller fulfills his obligation to deliver when the goods have been made available at the named place in the country of importation. The seller has to bear the risks and costs, including duties, taxes and other charges of delivering the goods thereto, cleared for importation. Whilst the EXW term represents the minimum obligation for the seller, DDP represents the maximum obligation.

Delivered Duty Paid means that the seller must contract for carriage, or arrange for carriage using its own means of transportation, and that it must deliver the goods by placing them at the disposal of the buyer on the arriving means of transport ready for unloading at the named place of destination. How and at what point the goods are handed over to the carrier departing for that place of destination is of minor importance for the relationship between seller and buyer.

Delivered Duty Paid means a transaction in which the Supplier must pay for all of the costs related to transporting the Goods and is responsible for the Goods until they have been received and transferred to the Purchaser. This includes paying for the shipping, insurance, duties and any other expenses incurred while shipping the Goods.

Delivered Duty Paid means that the seller delivers the goods when the goods are placed at the disposal of the buyer, cleared for import on the arriving means of transport ready for unloading at the named place of destination. The seller bears all the costs and risks involved in bringing the goods to the place of destination and has an obligation to clear

Delivered Duty Paid. (DDP) As defined in “Incoterms 2020” published by the International Chamber of Commerce.

Delivered Duty Paid means that the seller delivers the goods when the goods are made available to the buyer, cleared for import of vehicles arriving ready for download at the named destination.

Delivered Duty Paid means that the seller must contract for carriage (or use its own means of transportation), that it must deliver the goods to the buyer at the named place of destination and that it provide the buyer, at the seller’s expense, with a document enabling the buyer to take delivery of the goods. The DDP buyer must accept this delivery document.