CARM: What all importers need to know about CARM

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Terminology

D

DDP, Delivered Duty Paid

Under DDP Incoterms, the seller delivers the goods to the buyer, cleared for import, and not unloaded from the arriving means of transport at the named place of destination. Seller bears all risks and costs including any duty or customs formalities at destination. (For a complete list of Incoterm definitions including a chart of buyer and seller responsibilities, see Universal’s Incoterms 2010.)

Quick Tip #18
Develop a Request for Quotation (RFQ) form to simplify the process of securing freight rates

By standardizing the process when securing freight rates, you can control the quality of work and make the review of the rates easier.

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