Duty Free Delivery (DDU) is an international trade term meaning that the seller is responsible for ensuring that the goods reach their destination safe and sound; The buyer is responsible for import duties.
In contrast, Delivered Duty Paid (DDP) indicates that the seller must pay duties, import clearance and any taxes.
DDU is still widely used in transport contracts, although the International Chamber of Commerce has officially replaced it with the term “delivery on the spot” (DAP).
The main benefit of Duty Free Delivery (DDU) is that it gives the buyer more control over shipping procedures.
From a seller’s point of view, DDU delivery provides a hands-off approach when it comes to destination country shipping rules.
The biggest concern for buyers when shipping DDUs is the possibility of paying unexpected duties and/or taxes when their shipment finally arrives.
Accountability is the acceptance of responsibility for one’s actions. This implies a willingness to be transparent, allowing others to observe and evaluate their work.
Accounting policies are the procedures a company uses to prepare financial statements. Unlike accounting principles, which are rules, accounting policies are the standard for following those rules.
Acquisition accounting is a set of formal guidelines describing how the acquirer should report the assets, liabilities, non-controlling interests and goodwill of the acquired company.
Performance Based Management (ABM) is a means of analyzing a company’s profitability by looking at every aspect of its business to determine its strengths and weaknesses.