What is Delivered Duty Paid (DDP)?

DDP (Delivered Duty Paid) is the maximum-obligation Incoterm for the seller: they deliver the goods to the buyer's named destination, cleared for import, having paid all transport, export and import customs clearance, duties and taxes. The buyer only unloads. DDP gives the buyer a true door-to-door price but requires the seller to manage import formalities in a foreign country.