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LSDefine

Simple English definitions for legal terms

delivered duty paid

Read a random definition: debarment

A quick definition of delivered duty paid:

Delivered Duty Paid: This is a term used in business deals where the buyer and seller agree on the responsibilities for delivering goods, making payments, and taking risks. When a seller agrees to deliver goods "delivered duty paid," it means they are responsible for paying all the taxes and fees associated with getting the goods to the buyer's location. The buyer only needs to pay the agreed-upon price for the goods and take possession of them once they arrive.

A more thorough explanation:

Definition: Delivered Duty Paid (DDP) is a term used in a commercial contract that outlines the responsibilities of the buyer and seller regarding the delivery, payment, and risk of loss of goods. In this agreement, the seller is responsible for delivering the goods to the buyer at the agreed-upon location, and the buyer is responsible for paying for the goods and any associated taxes or duties.

Example: A company in the United States orders 1000 widgets from a manufacturer in China. The manufacturer agrees to deliver the widgets to the company's warehouse in the US, and the contract specifies that the delivery will be DDP. This means that the manufacturer is responsible for all costs associated with delivering the widgets to the warehouse, including transportation, insurance, and any customs duties or taxes. The company is responsible for paying the manufacturer for the widgets and any associated costs.

Explanation: In this example, the manufacturer is responsible for delivering the goods to the buyer's warehouse in the US, and the buyer is responsible for paying for the goods and any associated costs. The DDP agreement ensures that the buyer knows exactly how much they will be paying for the goods, as all costs associated with delivery are included in the contract. This type of agreement is common in international trade, where there may be additional costs associated with importing goods into a country.

delivered at frontier | delivered duty unpaid

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windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
matt gaetz ethics report released
paid for sex with a junior in high school
guarantee people still defend him
BulbasaurNoLikeCardio
9:51
I only read headlines and skimmed a random article of it since I am the only one at work this week. Seems like he is Republican Hunter Biden but not at the paying rent with poop paintings stage
ImpartialLion
9:55
Sent in my transcript at 6 am today and it’s processing. Think it will be processed before lsac closes tmrw?
BulbasaurNoLikeCardio
9:58
I would say it is a toss up, for how much LSAC charges us for everything they are extremely efficient in processing and sending stuff out BUT with a 30% uptake in applicants and the holidays it may be significantly slower unless it is ran through and processed by a computer program. Even if it takes them longer to process it, not like there is anyone at a school to request and review it after LSAC does their thing
Do we know if any of the t14 open at all this week
just called Fordham. they said there will be decisions going out today
so congratulations on pre xmas waves
BulbasaurNoLikeCardio
10:27
Hope schools are chill and just send As leaving the Rs for next month lol
soap
10:49
Fingers crossed for good luck today
BulbasaurNoLikeCardio
10:56
@soap: really hoping to get that UTK call today
11:08
what if instead of a room of one’s own virgina Woolf wrote a cubicle of one’s own
UGA ED deferrals are coming out rn
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