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Delivered-at-Place (DAP) Definition, How It Works, and Obligations

Financial Concepts

Definition

Delivered-at-place (DAP) is an international trade term used to describe a deal in which a seller agrees to pay all costs and suffer any potential losses of moving goods sold to a specific location. In DAP agreements, the buyer is responsible for paying import duties and any applicable taxes, including clearance and local taxes, once the shipment has arrived at the specified destination. The phras

In Panel Profits

In the Panel Profits market platform, Delivered-at-Place (DAP) Definition, How It Works, and Obligations applies standard financial concepts principles to comic assets and physical collections.

Common mistakes

Do not infer unobserved prices.