Full meaning of DDP is "Delivered Duty Paid". This means that you as a seller pays for all transport costs and bears all risk until the goods are delivered to the consignee. not to mention you have to pays the duty (both export and import duty) as well. you should check with your transport agent first to have details on cost.
LC with the INCOTERM DDP works just like the others. all you have to do is to prepare a credit complying document. if you give is the details of document asked, it would be helpful for us to assist you
DDP
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shahriar
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saikatshovan
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DDP with more elaboration
hi, emseal and shahriar
as shahriar said that Delivered Duty Paid mean that as a seller you have to pays all transport costs and bears all risk until the goods are delivered to the consignee or to buyer warehouse..
so elaborately following charges and responsibilities/ services you have to take care off.
1. warehouse storage
2. warehouse labour
3. export packing
4. loading charges
5. inland freight
6. terminal charges
7. forwarder's fees
8. loading on vessel
9. charges on arrival at destination
10. duty taxes & customs clearance(import and export both)
11. delivery to destination (buyer warehouse generally)
other than these if you go for insurance then premium of insurance also you have pay.
bye
saikat
as shahriar said that Delivered Duty Paid mean that as a seller you have to pays all transport costs and bears all risk until the goods are delivered to the consignee or to buyer warehouse..
so elaborately following charges and responsibilities/ services you have to take care off.
1. warehouse storage
2. warehouse labour
3. export packing
4. loading charges
5. inland freight
6. terminal charges
7. forwarder's fees
8. loading on vessel
9. charges on arrival at destination
10. duty taxes & customs clearance(import and export both)
11. delivery to destination (buyer warehouse generally)
other than these if you go for insurance then premium of insurance also you have pay.
bye
saikat
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khaled
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Re: DDP
Thank You ,
but still have a question , in case of LC under DDP that opened for us for Export , what are the documents required from our side to deliver to bank to liquidate the LC Total Value ?
will the LC value be pending till the final arrival to DD Place ? or normally upon submitting documents exactly like CIF solution ?
but still have a question , in case of LC under DDP that opened for us for Export , what are the documents required from our side to deliver to bank to liquidate the LC Total Value ?
will the LC value be pending till the final arrival to DD Place ? or normally upon submitting documents exactly like CIF solution ?