What Incoterms 2020: DDP (Delivered Duty Paid) requires
Incoterms 2020 rule DDP (Delivered Duty Paid) imposes the maximum obligation upon the seller, who assumes all costs and risks until the goods are delivered to the named destination, ready for unloading. Per this rule, risk transfers when the consignment is destination-ready for unloading; the seller bears responsibility for both export and import customs formalities. Consequently, the seller pays all import duties plus any applicable VAT or GST, while the buyer does not provide import clearance. For the seller to fulfill these duties in jurisdictions like the United States, they often must qualify as a non-resident importer pursuant to U.S. Customs regulations under 19 CFR § 141.1, thereby directly incurring customs debt as outlined in frameworks such as the European Union's Union Customs Code. This extensive control over the entire transit places absolute liability on the seller for compliance with export controls, like the U.S. Export Administration Regulations and OFAC Sanctions Programs, making robust automated sanctions screening required. Furthermore, adherence to modern trade facilitation standards, including the WCO SAFE Framework, necessitates secure data exchange; therefore, cross-border EDI encryption using AES-256 is mandated for all electronic records, whose legal validity is recognized under principles like the UNCITRAL Model Law on Electronic Transferable Records. All related customs documentation must be maintained for a minimum of five years, fulfilling the specified customs record retention period.
Pillar: Logistics & Supply Chain · Authority: Global Industry Standard · Version: 1.1.0 · Last updated:
Primary source: https://iccwbo.org/resources-for-business/incoterms-rules/incoterms-2020/
SHA-256 integrity: 398d66c1083027ad0afc0eba00ea5d8cd50ba4d99d923f73df0160a5c89178ec
Primary Citations — 6 traced to source
- International Chamber of Commerce (ICC), Incoterms® 2020 Rules, Rule DDP (Delivered Duty Paid).
- World Customs Organization (WCO) SAFE Framework of Standards to Secure and Facilitate Global Trade.
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