Hi, thanks for watching our video about DDP Delivered Duty Paid Incoterms 2020 (Updated). In this video, we'll walk you through:
- What is DDP Delivered Duty Paid?
- How delivered duty paid works?
- Who pay import duty in DDP?
- What are the changes in DDP Delivered Duty Paid?
- How does the seller handle DDP shipment?
- Who arrange carriage in DDP?
- Who handle import clearance in DDP?
- What are the Buyer and Seller Obligations, Costs, and Risks in DDP?
- When is the risk transfer from the seller to the buyer in DDP
- and many more.
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00:00 DDP - Delivered Duty Paid Incoterms® 2020 Rules [UPDATED]
00:20 A brief introduction to Delivered Duty Paid (DDP)
00:45 Updates and Changes to Delivery Duty Paid
01:27 DDP Seller and Buyer Obligations, Costs, and Risks
01:34 A1/B1 General Obligations
02:43 A2/B2 Delivery
04:44 A3/B3 Transfer of risk
05:44 A4/B4 Carriage
06:56 A5/B5 Insurance
07:20 A6/B6 Delivery/Transport Document
08:00 A7/B7 Export/Import Clearance
09:01 A8/B8 Checking/Packaging/Marking
09:59 A9/B9 Allocation of Costs
11:53 A10/B10 Notices
12:22 Recap
#ddp #delivereddutypaid #incoterms2020
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The links to the other Incoterms rules are as follows:
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I worked in the Logistics and Shipping department for more than 30 years, and now I am happily retired.
After resting for more than a year, and with the pandemics still around, I could only stay at home. That's when this thought of penning down my experience and sharing my passions of logistics pop up. So here I am REVISITing the world of Logistics and Shipping.
I have planned a series of videos on this, so do watch out for it. Please leave your comments and let me know your thoughts and any topics you want me to cover, and I will see what I can develop.
Disclaimer:
The information shared is based on my years of experience and is for reference only. Do consult with an appropriate legal professional - such as a trade attorney, before using any trade terms within a contract.