DDU Meaning and
Definition
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DDU is an acronym that stands for Delivered Duty Unpaid. It is an international trade term used in the context of shipping and logistics. DDU refers to a contractual agreement between the buyer and the seller, specifying that the seller bears the responsibility of delivering the goods to the designated destination, without paying any import duties or taxes.
In a DDU arrangement, the seller is accountable for the shipment until it reaches the agreed-upon destination port or location. This includes organizing transportation, documentation, and ensuring the goods comply with customs regulations for export. However, the buyer is responsible for handling any import duties, taxes, or additional charges associated with receiving the goods in their country.
DDU terms can be advantageous for both parties involved in the transaction. For the seller, it allows them to have greater control over the logistics process, ensuring that their products are delivered safely and securely. On the other hand, the buyer can benefit from reduced costs, as they have the flexibility to choose their preferred customs broker and potentially negotiate favorable duty rates.
It is important to note that DDU terms do not include the responsibility for unloading the goods at the destination. This task is typically handled by the buyer or their chosen logistics provider. Additionally, the DDU term is often used in conjunction with Incoterms (International Commercial Terms) to further specify the rights and obligations of the buyer and seller during international trade transactions.
Common Misspellings for DDU
- dd7
- dduy
- ddju
- dduj
- dd8u
- ddu8
- dd7u
- ddu7
- dduu
- dd u
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