Under the DDP clause, how to pay import taxes and fees for customs declaration? Comprehensive interpretation!
3 June 2024
In international trade, trade terms such as FOB (Free on Board), CIF (Cost, Insurance, and Freight), DDP (Delivered Duty Paid) are used to clarify the responsibilities, risks and costs of both parties in the process of transportation of goods. Today we mainly explore DDP trade terms, especially whether customs can represent the sale of goods.
Some common trade terms and their explanations
30 March 2023
Trade terms are professional terms used in international trade, and understanding these terms is very important for companies and individuals engaged in international trade. Here are some common trade terms and their explanations: FOB (Free on Board) - FOB is a price term for exported goods, which means that after the seller loads the goods onto the ship and delivers them on board, the buyer needs to pay...
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