Posted on 11 June 2022 Category : For Beginners
Buyer’s and Seller’s responsibility under DDP inco term Q)Under the INCOTERM DDP, who should bear all cost related with Export customs declaration? Answer The Seller has to bear all cost related with Export customs declaration if contract is under the INCOTERM DDP. Q)Who has to pay the Carriage to port of export under DDP terms? Answer The Seller is responsible for paying carriage to port of export under DDP terms. Q)Who is responsible for all the cost for unloading of truck in port of export, in DDP terms? Answer All the cost for unloading of truck in port of export should be given by the Seller under the INCOTERM DDP. Q)Who is obliged to bear all cost for loading the cargo on vessel/airplane in port of export under DDP terms? Answer The Seller should pay all cost for loading the cargo on vessel/airplane in port of export under DDP terms. Q)In INCOTERM DDP, who should give money to Carriage (sea/air) to port of import? Answer 
The INCOTERM DDP (Delivered Duty Paid)
In INCOTERM DDP, the Seller should give money to Carriage (sea/air) to port of import.
Q)Who should arrange Insurance for the shipment under DDP term?
Answer
The Insurance for the shipment under DDP term is arranged as per mutually agreed terms between buyer and seller.
Q)According to the INCOTERM DDP, all the expenses for unloading the cargo in port of import are whose responsibility?
Answer
The Seller is responsible for paying all the expenses for unloading the cargo in port of import according to DDP terms of delivery.
Q)Under DDP INCOTERM, who should pay for Loading on truck in port of import?
Answer
If the contract is under DDP INCOTERM, then the Seller should pay for Loading on truck in port of import.
Q)Who is responsible for arranging Carriage to place of destination under DDP terms?
Answer
The Seller is responsible for arranging Carriage to place of destination if the term of delivery is under DDP terms.
Q)Who is obliged to settle all cost for Import customs clearance in DDP terms?
Answer
All payment settlement for Import customs clearance in DDP terms is obliged with the Seller.
Q)Import duties and taxes should be paid by whom under the DDP INCOTERM.
Answer
Import duties and taxes should be paid by the Seller under the DDP INCOTERM.
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