What does DDP stand for?

DDP stands for Delivered Duty Paid, an Incoterms rule. The seller takes on all costs and risks of bringing the goods to the agreed destination, including transport, export and import duties, customs clearance and insurance. It places the maximum obligation on the seller.

DDP goes further than DAP (Delivered at Place): under DAP the buyer clears the goods and pays the import duties, while under DDP the seller covers those too.