The International Chamber of Commerce (ICC) is an organization originally created after the First World War to promote Europe`s prosperity by setting standards for international trade. It was this group that, in 1936, published a series of standardized terms for different types of maritime contracts, known as Incoterms. The buyer is responsible for obtaining all necessary licences for the importation of the goods and paying all relevant taxes, taxes and inspection fees. All the risks associated with this process are the responsibility of the buyer. As soon as the goods are made available to the buyer, all transport costs and additional risks are borne by the buyer. The payment of Incoterms DDP (or the paid delivered tax) means that the shipper is responsible for paying customs duties. In many e-commerce cases, the seller accepts these obligations at the cash register and collects the payment directly from the customer for DDP Incoterms. It would be fair to mention that you must also follow an import assistance procedure under DDU Incoterms. So if you want to send the DDU from China to an international destination, make sure you understand what that term means to you first.
Excise Duty and Customs – Click here to read the full notification under Budget 2014 Note that Incoterms have only recommendations, which means you can use them as you think will be better for your business. In fact, the answer is in the name: under CIF conditions, the supplier must bear all costs related to freight and insurance. Delivered Duty Unpaid (DDU) is an old international trade clause that states that the seller is responsible for the safe delivery of goods to a designated destination, pays all transportation costs and handles all risks during transportation. As soon as the goods arrive at the agreed location, the buyer bears the import duties as well as other transportation costs. However, the delivery of customs duties (DPPs) indicates that the seller must pay for customs duties, customs clearance and taxes. The risk is transferred from the seller to the buyer as soon as the goods are delivered to the destination country. If you`re exploring how you manage your logistics internationally, you may have learned the terms „DDU“ and „DDP“ in shipping. Unlike DDP (paid delivery) when the seller assumes the greatest responsibility for the delivery fee to the recipient`s front door, DDU requires the recipient to assume responsibility for the fees and often the physical delivery as soon as he has signed up for the shipment. With DDU, the seller assumes all the risks until the goods are delivered to the designated location; the risks are then taken care of by the buyer.
