Delivered Duty Paid, it is an Incoterm where the seller is entitled to bear the maximum liability of the supplies made and he is also obliged to deliver the supplies to the buyer at the place as per the choice of the respective buyer, also the unloading charges is to be met by the supplier which is the responsibility of the seller under the Incoterm DDP. This incoterm is frequently used nowadays due to the transfer of responsibility from a seller to the buyer.
EXW
Ex Works, in this type of Incoterm the buyer has the minimum liability as the responsibility is transferred to the foreign buyer before the transit of the supplies. In this type of contract, the seller makes available the supplies at their respective storehouses or the factory from where the buyer must take over the supplies, and the buyer is entitled to meet all the expenses related to the transit of such supplies therefrom.
DAP ( Delivered at Place )
Delivered at Place, it is one of the latest Incoterms added by the ICC. It is a contract where the entire responsibilities of the supplies lie with the seller while making the delivery to the buyer at the place of his choice. The complete risk of the transit of the supplies must be under the responsibility of the seller.
