Buyers and sellers often face complications when it comes to trade contracts, whether they are in the same country or not. As such, there are rules and regulations in place that clearly define the roles and responsibilities of each party in a financial contract. These are known as Incoterms—one of which is a delivered-at-place or DAP agreement. DAP simply means that the seller takes on all the risks and costs of delivering goods to an agreed-upon location. This means they are responsible for ...
