East shipping freight forwarder DDP shipping
ddp trade mode note 1:properly handle insurance matters
Since the transaction is done according to the terms of ddp trade, the seller has to bear a great risk. In order to obtain financial compensation in time in case of damage or loss of the goods, the seller should take out freight insurance. In choosing the type of insurance, ddp terms should be as flexible as DDU terms, depending on the nature of the goods, mode of transport and route of transport.
ddp trade mode note2:about the mode of transport
As explained in General Rules 2000, the terms ddp and DDU are applicable to all modes of transport. However, when the place of delivery is on a ship or wharf at the port of destination, the terms DES or DEQ shall not be used.
ddp trade mode note3:other points to note
Under ddp terms of delivery, the seller delivers the goods at the named destination after going through the import customs clearance formalities, which actually means that the seller has shipped the goods into the domestic market of the importer. If the seller has difficulties in handling import procedures directly, it may also ask the buyer for assistance. If the parties agree that the buyer will process the import of the goods and pay the customs duties, the term DDU shall be used. If the parties agree to exclude from the obligations undertaken by the seller certain charges to be Paid when the goods are imported (e.g., increment tax), it shall be written "Delivered Duty Paid, VAT UnPaid (... named place ofdestination) ", i.e. "Delivered duty paid, proliferation tax unpaid (named destination)".