Definition · Trade & incoterms

DAP

Delivered At Place: the seller delivers the goods to an agreed place in the buyer's country, ready to be unloaded, excluding import clearance. An incoterm reserved for trusting relationships.

Related terms

DDPDelivered Duty Paid: the seller delivers cleared and duty-paid at the buyer's premises, bearing all import costs and duties. The most committing incoterm, to be avoided with an unknown customer.CIFCost, Insurance and Freight: the seller pays the freight and minimum insurance up to the arrival port, with the risk passing to the buyer at loading. It provides a port-delivered price convenient for the buyer.IncotermAn international trade rule (ICC Incoterms) defining which of the seller or the buyer bears the costs, risks and formalities at each stage of transport. A wrong choice can wipe out the margin.

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