When you are a part of the global trading community, you will need to know about ‘incoterms’. In common parlance, incoterms are a set of guidelines that define buyers’ and sellers’ responsibilities for the safe delivery of goods across all forms of transportation. It is easy to get confused by the different types of incoterms, especially when the term abbreviations are so similar. For instance, consider the terms DAP (Delivered at Place) and DDP (Delivered Duty Paid). Although these incoterms are easy to get confused with, the differences in their definitions can help you form a clearer understanding.
What is DAP (Delivered At Place)?
DDU (Delivered Duty Unpaid), which appeared in the 1990 regulations, was renamed DAP (Delivered At Place) in the 2010 rules. DAP incoterm means that the seller accepts all risks and costs related to delivering products to a location agreed by both buyer and seller.
Even though it is customary practice, the DAP Incoterms 2020 guideline does not state that delivery needs to be at the buyer’s premises. The seller is in charge of delivering the products by placing them at the buyer’s disposal on the incoming means of transportation, ready for unloading at the agreed place. The seller and the customer must agree on the specific delivery location.
The seller’s responsibility includes packaging, documentation, export approval, loading expenses, and final delivery, to name a few. However, the buyer assumes risk and responsibility for the product’s unloading and import clearance. Although there are well-established guidelines for DAP arrangements, there are still scenarios that lead to disagreements.
All About Shipping Services
For a long time, the term logistics was synonymous with long delays, complicated manual processes, hidden fees, and inboxes bursting at the seams with unread emails. ECU360 is on a quest to simplify logistics by utilizing the right technology. With ECU360, you will have plenty of time to focus on what matters most to you. You don’t need to squander hours on tasks. Their digital platform allows you to do all of this with ease.
Furthermore, customer care is always available to help you overcome any setbacks. Decades of logistics expertise combined with a global network of offices provide the best shipping experience possible. ECU360 has gained significant traction in the global logistics industry. The application is now widely used in all mature markets of the world, including America, Germany, the United Kingdom, and Canada.
They are used all across the globe, even where digital usage isn’t as great. Even small freight forwarders can use this application to fuel supply chains. They also keep businesses functioning in their own country and around the world.
Highlights of ECU360 Shipping Services
ECU360 enables you to acquire LCL (Less-than-Container-Load) rates for DAP and Ex Works (EXW) shipments.
They respond to your needs faster and secure your booking with ease.
They offer door-to-door prices in over 50 countries with pick-up and delivery.
They have the necessary local knowledge to handle customs and compliance.
ECU360 is leveraging the power of technology to make the world a smaller place and live up to ECU Worldwide’s motto: Geography Simplified. For making daily operations easier, shippers and freight forwarders have learned that digitalization is the way to go. All you need is to submit the .sb flat to the digital portal ECU360 and double-check the accuracy of the pre-filled information. They are equipped with local knowledge to handle customs and compliance laws.
On the ECU360 platform, booking and shipping are automated. It can conduct end-to-end shipping services with a single click. So, place your order and start your buyer journey today. For more details regarding services offered by ECU360, visit their website.