What does the abbreviation DAP mean?

DAP stands for "Delivered at Place". DAP is a so-called Incoterm (abbreviation for "International Commercial Term"). An Incoterm is an international standard or agreement regarding the rights and obligations of the buyer in the cross-border transport of goods. DAP means that the seller bears all the costs and risks of transporting the goods to the agreed destination. The buyer then bears the costs of customs processing.