A DDP duty payment account is an account used under Delivered Duty Paid terms in which the seller is responsible for paying and remitting all import duties, taxes and any other charges to clear the goods to the named destination.
Source: https://iccwbo.org/resources-for-business/incoterms-rules/
Tools that match this term
You might also be interested in these terms
Analyze all 11 Incoterms 2020: cost matrix, risk timeline, insurance gap detector and customs responsibility – free, no login required.
Weekly: Top news, industry facts and insights from the world of logistics – free.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.