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What does the seller's responsibility include under DDP terms?
Seller pays for transport only
Seller takes all costs
Seller delivers goods to the terminal
Seller pays for costs up to customs
The correct answer is: Seller takes all costs
Under DDP (Delivered Duty Paid) terms, the seller assumes the maximum responsibility for the transport and delivery of goods. This includes covering all costs associated with the shipment, such as transport, insurance, duties, and taxes, until the goods are delivered to the buyer's specified location. The seller is responsible for handling all logistical aspects of shipping, including export and import customs clearance. By taking on all these responsibilities, the seller provides a greater level of service and ensures that the buyer faces minimal risk and involvement in the shipping process. This makes DDP a favorable option for buyers who prefer to have a clear understanding of the total cost of acquiring goods and want to avoid complications related to logistics and customs.