What is DAP?

Question

What is DAP?

Accepted Answer

DAP stands for Delivered at Place. It is an international trade term used in shipping and logistics.

DAP is a type of Incoterm, which is a set of standardized trade terms used in international transactions.
It means that the seller is responsible for delivering the goods to a specified location, usually a port or warehouse.
The buyer is responsible for all costs and risks associated with the goods from the point of delivery.
DAP can be used for any mode of transportation, including sea, air, road, and rail.
Example: If a company in the US buys goods from a supplier in China on DAP terms, the supplier is responsible for delivering the goods to a specified location in the US, but the buyer is responsible for customs clearance and any other costs associated with the goods once they arrive in the US.

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