FOB vs DDP: Which Import Term Leaves You With More Risk?

If you import goods into Nigeria, the shipping term you accept can determine who absorbs unexpected costs. With FOB (Free On Board), the seller delivers the goods onto the vessel at the port of shipment. From that point, you generally handle freight, insurance, foreign-exchange changes, duty, clearing, haulage, and possible delay or demurrage charges. With DDP (Delivered Duty Paid), the seller is responsible for getting the goods to your agreed destination, including import duties and clearance. A naira quote can also make budgeting easier by reducing FX uncertainty. DDP may look more expensive upfront, but it offers more cost certainty. Importers, which terms do your suppliers offer—FOB, CIF, or DDP—and what has your experience been?

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