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LSDefine

Simple English definitions for legal terms

delivered duty paid

Read a random definition: continuous-operations clause

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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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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