DDP – Delivered Duty Paid

What does DDP (Delivered Duty Paid) indicate in international trade and shipping?

Refers to a shipping arrangement where the seller is responsible for all costs and risks associated with transporting goods until they are delivered to the buyer's specified location. This includes the costs of shipping, insurance, and all import duties, taxes, and customs fees. In essence, under DDP terms, the seller ensures the goods are delivered to the buyer's doorstep with all fees and duties already settled. For sneaker resellers, understanding DDP is crucial, especially when sourcing sneakers from international locations. Opting for DDP terms ensures that the reseller knows the full cost upfront, eliminating surprise fees or duties upon arrival. This clarity allows for more accurate pricing of sneakers for resale. For example, if a reseller is importing a rare pair of sneakers from another country, choosing DDP terms guarantees that the price they pay includes not just the sneaker's cost but all associated shipping and import fees. This comprehensive cost can then be factored into the resale price, ensuring profitability. On the buyer's end, purchasing sneakers with DDP terms offers peace of mind, as they won't be faced with unexpected customs bills or import duties. Overall, DDP provides a transparent and hassle-free shipping option for both sellers and buyers in the sneaker reselling market, streamlining international transactions and ensuring all duties and fees are settled before delivery.