Posts

Showing posts from March, 2019

Difference Between The Incoterms: DDP Vs DDU

Image
The way domestic shipping works is completely different from that of International shipping, as it involves a lot more complicated steps to carry out while shipping.
If you are either importing or exporting goods to another country, then you will have to adhere to certain set of rules and regulation that are imposed on the goods moving across the borders by the international chamber of commerce called as international commercial terms or Incoterms.
One such most commonly used Incoterms is DDP (Delivery Duty Paid) and DDU (Delivery Duty Unpaid). DDP and DDU can be either advantageous or disadvantageous to you. Hence, you need to understand how both the Incoterms work and then choose the best that suits your company.
Below are few of the instances which gives you a clear idea on which Incoterm to choose while doing international shipping:
DDP is the acronym of delivery duty paid. According to this, the seller is obliged to make the delivery of the product till the customer’s destination. He…