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Incoterms are contract specifications outlining who bears the costs and risks of international transactions; they are subject to change at the discretion of the ICC. Because of the legal and logistical intricacies of international shipping, the ICC seeks to simplify matters for businesses by standardizing its terms.
Notably, 2020 Incoterms revision is available for purchase direct from the site.
Delivered Duty Unpaid (DDU) was actually not included in the most recent (2010) edition of the International Chamber of Commerce's Incoterms; the current official term that best describes the function of DDU is Delivered-at-Place (DAP).2
However, DDU is still commonly used in international trade parlance. On paper, the term is followed by the location of delivery (e.g., "DDU: Port of Los Angeles").
Incoterms are contract specifications outlining who bears the costs and risks of international transactions; they are subject to change at the discretion of the ICC. Because of the legal and logistical intricacies of international shipping, the ICC seeks to simplify matters for businesses by standardizing its terms.
Notably, 2020 Incoterms revision is available for purchase direct from the site.
Delivered Duty Unpaid (DDU) was actually not included in the most recent (2010) edition of the International Chamber of Commerce's Incoterms; the current official term that best describes the function of DDU is Delivered-at-Place (DAP).2
However, DDU is still commonly used in international trade parlance. On paper, the term is followed by the location of delivery (e.g., "DDU: Port of Los Angeles").
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