DAP - Delivered At Place (named place of destination)
The Buyers and Sellers are suggested to use Incoterms 2020, the latest version of delivery terms for movement of goods. Click here to read the extract of Inco Terms 2020, easily explained.
The seller pays for and takes responsibility for everything involved in the shipment all the way from origin to delivering to the mutually agreed destination. The responsibility to meet customs clearance with duty and taxes at importing country is with the buyer. It is important for seller and buyer to agree on the place of delivery.
This term can be used for Air and Sea transport.
Obligation and expenses of seller:-
All responsibilities and charges should incur by seller include Warehouse Services, Export packing, assistance in obtaining any exports licence or other official authorisation, Loading at point of Origin, Origin Inland Freight, Origin Port Charges, Export Customs clearance, Origin Forwarder Fees, Ocean/Air Freight, Destination Port Charges, Delivery cartage to Final Destination.
The risk passes to the buyer from the seller after the goods have been delivered to the destination place.
Obligation and expenses of Buyer:-
All responsibilities and charges must incurs by Buyer includes Import Customs clearance, Import Duties and Taxes.
The Buyers and Sellers are suggested to use Incoterms 2020, the latest version of delivery terms for movement of goods. Click here to read the extract of Inco Terms 2020, easily explained.