EU ICS2 and GB S&S Covered: ENS in 90 Seconds
The Incoterm known as Delivered at Place (DAP), alternatively referred to as Delivered at Terminal (DAT), is a term frequently employed in international trade transactions.
It means that with the Delivered at Place (DAP), the seller is in charge of getting the goods to a specific spot. Usually, this spot is where the buyer wants the goods to go or a terminal both parties agree on.
Under DAP terms, the seller bears all risks and costs associated with transporting the goods to the specified destination, including import clearance, duties, and taxes.
Once the goods are delivered to the agreed-upon place, the buyer assumes responsibility for unloading the goods and any further transportation, as well as any subsequent risks and costs.
DAP terms are commonly chosen when the buyer wants the seller to take care of getting the goods to a particular place, but afterward, the buyer is in charge of dealing with customs and arranging further transportation.
Congratulations! This indicates that you have a well-established trade compliance procedure. Ongoing vigilance and expertise are necessary to achieve and maintain 100% compliance. Despite having comprehensive trade compliance knowledge, navigating the intricacies of import/export regulations can be difficult. Thus, consider getting assistance from industry leaders like iCustoms to serve as your reliable partner throughout the procedure.
Oh, that is alarming! Your answers show that you have some serious mishaps in your trade compliance policies. Reach out to iCustoms to cope with all the issues, whether it be unclear records, missing documents, or lack of established protocols, saving you from fines and penalties during an audit.
You’re halfway there! This figure demonstrates that you have the basic trade compliance procedures in place, but it still needs to be improved. iCustoms can assist you with clear agreements, easy documentation, HS code verification, or any other issue you may face.
Solid progress has been made! It is evident from your response that you have a stable grasp of important areas of compliance. However, there could be some other areas requiring additional attention, which may be internal audit procedures, anti-dumping duties, or others.