DAP (Delivered At Place)

DAP (Delivered At Place)

DAP (Delivered At Place) is a term that is commonly used in international trade when the seller delivers the goods to a specified location at the buyer's destination and is responsible for paying the costs associated with transportation to the specified location. The seller may use any mode of transportation, and the buyer is responsible for arranging and paying for any additional transportation or handling costs beyond the specified location.

Here is an example of how DAP (Delivered At Place) might be used in a contract:

Seller: ABC Company

Buyer: XYZ Corporation

Goods: 100 units of widget A

Price: $10 per unit

Terms: DAP (Delivered At Place)

Under these terms, the seller will deliver the goods to a designated location in Country Y and will pay the costs associated with transporting the goods to the specified location. The seller may use any mode of transportation, and the buyer is responsible for arranging and paying for any additional transportation or handling costs beyond the specified location in Country Y. The seller is not responsible for any delays or damages that may occur during transportation.

In this example, the seller's responsibility is limited to delivering the goods to a designated location in Country Y and paying the costs associated with transporting the goods to the specified location. The buyer is responsible for everything else, including arranging and paying for any additional transportation or handling costs beyond the specified location, customs clearance, and any other costs associated with getting the goods to their final destination.