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 #12
Small clerical errors can have big implications

Here are some facts to remember before you complete the documentation that goes with your next shipment:

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