DAP stands for?

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Prepare for the Chartering and Brokerage Test with comprehensive questions and expert explanations. Use study aids like flashcards and multiple-choice questions to ensure success. Equip yourself to excel in your exam!

Multiple Choice

DAP stands for?

Explanation:
DAP is a shipping term that designates the seller’s responsibility to deliver the goods to a named place, ready for unloading, with costs and risks passing to that point. The seller handles transport and export formalities up to the named destination, while the buyer takes over for import clearance, duties, taxes, and unloading. The other phrases listed don’t reflect established shipping terminology, so they don’t describe what DAP stands for. In standard practice, DAP means Delivered At Place.

DAP is a shipping term that designates the seller’s responsibility to deliver the goods to a named place, ready for unloading, with costs and risks passing to that point. The seller handles transport and export formalities up to the named destination, while the buyer takes over for import clearance, duties, taxes, and unloading. The other phrases listed don’t reflect established shipping terminology, so they don’t describe what DAP stands for. In standard practice, DAP means Delivered At Place.

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