Incoterms 2020 DAP: Spotlight on Delivered At Place

Описание: There are 11 Incoterms 2020 rules. These globally-recognized trade terms, published by the International Chamber of Commerce, determine how costs and risks are split between buyers and sellers conducting international transactions, and when the risk or liability for the goods transfer from the seller to the buyer. This video takes a closer look at the Incoterms rule DAP, also known as Delivered At Place.

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Delivered At Place (DAP) Responsibilities and Risk

DAP means the seller is responsible for all charges and risks in transit, until the goods reach their destination. The risk then transfers to the buyer. Cost and risk transfers from seller to buyer simultaneously at the point the goods are available for unloading. The buyer is responsible for all costs and risks associated with unloading the goods and clearing customs to import the goods into the destination country. The buyer selects a customs broker and is responsible for entry fees, duties, taxes, inspection fees and storage fees if goods are not released in a timely manner. The seller must coordinate with the buyer's customs broker to provide any documentation required for export clearance.

DAP can be used for any mode of transportation. It is ideal for multimodal transport.

Using Delivered At Place

When using DAP, it’s important to identify the destination precisely, because both risk and cost transfer at this point. DAP is a flexible term: The named destination could be a port, airport, seaport, the buyer's premise or a border crossing. It does not need to be a freight destination; any named place will work as long as it's a foreign destination or a border crossing.

DAP may sound similar to CPT. This flexibility is one of the primary differences. The other difference is that under DAP the risk of loss stays with the seller until the goods arrive at the named place.

Under this Incoterm, the seller is not required to unload goods unless specified. But if the seller’s contract of carriage includes unloading the goods at the place of delivery, they may not recover that cost from the buyer unless agreed upon by the buyer.

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Chapters
00:00 Introduction
00:46 DAP Responsibilities and Risk
01:41 Using DAP
02:05 The Difference Between DAP and CPT
02:46 Incoterms Chart of Responsibilities

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