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Simple English definitions for legal terms
DDU
Read a random definition: Saint Lawrence Seaway Development Corporation
A quick definition of DDU:
Term: DDU
Definition: DDU stands for Delivered Duty Unpaid. This means that the seller is responsible for delivering the goods to the buyer, but the buyer is responsible for paying any taxes or duties that may be required for the goods to enter their country.
A more thorough explanation:
Definition: DDU stands for Delivered Duty Unpaid.
Explanation: DDU is a shipping term that means the seller is responsible for delivering the goods to the buyer, but the buyer is responsible for paying any import duties or taxes that may be charged by the destination country.
Example: If a company in the United States sells a product to a customer in Canada using DDU shipping terms, the company will be responsible for shipping the product to Canada. However, the customer will be responsible for paying any duties or taxes that may be charged by the Canadian government when the product arrives in Canada.
Another example: A company in China sells a product to a customer in Germany using DDU shipping terms. The company will be responsible for shipping the product to Germany, but the customer will be responsible for paying any duties or taxes that may be charged by the German government when the product arrives in Germany.