Delivered-at-Place (DAP)
🏠 Real Estate
Quick Definition
Delivered-at-Place (DAP) is an international trade term where the seller agrees to deliver goods to a specified location, assuming all transportation costs and risks until the goods are ready for unloading by the buyer.
Examples
- 1A Chinese manufacturer ships furniture to a buyer in Canada, and the responsibility of the seller ends when the goods are available for unloading at the buyer's warehouse.
- 2An Indian textile company delivers fabrics to a fashion retailer in France, with the seller bearing all costs and risks until the goods reach the retailer's designated location.
- 3A U.S. machinery supplier sends equipment to a construction site in Brazil, where the seller's obligation ends once the goods are ready for unloading at the site.
Tags
international tradeshippinglogisticsrisk managementsupply chain
Quick Info
Category:Real Estate
Difficulty:intermediate
Last Updated:6/18/2025