• 1908-2024

    What are international trade terms?

    International trade terms (Incoterms) are international standards developed by the International Chamber of Commerce (ICC) to regulate the division of responsibilities, costs and risks between buyers and sellers in global trade.

  • 0208-2024

    What does DAP mean in cargo transportation?

    DAP (Delivered At Place) is a trade term in the Incoterms issued by the International Chamber of Commerce (ICC). According to the DAP terms, the seller is responsible for delivering the goods to the destination designated by the buyer and bears all costs and risks before that.

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