Delivered Ex Ship - DES

AAA

DEFINITION of 'Delivered Ex Ship - DES'

A trade term requiring the seller to deliver goods to a buyer at an agreed port of arrival. The seller remains responsible for the goods until they are delivered.

INVESTOPEDIA EXPLAINS 'Delivered Ex Ship - DES'

Contracts involving international transportation often contain abbreviated trade terms that describe matters. It includes details like the time and place of delivery, payment when the risk of loss shifts from the seller to the buyer, and who pays the costs of freight and insurance.

The most commonly known trade terms are Incoterms. They are published by the International Chamber of Commerce (ICC). Incoterms are often identical in form to domestic terms (such as the American Uniform Commercial Code), but have different meanings. As a result, parties to a contract must expressly indicate the governing law of their terms.

It's important to realize that because this is a legal term, its exact definition is much more complicated and differs by country. It is suggested that you contact an international trade lawyer before using any trade term.

RELATED TERMS
  1. Cost and Freight - CFR

    A trade term requiring the seller to arrange for the carriage ...
  2. Cost, Insurance and Freight - CIF

    A trade term requiring the seller to arrange for the carriage ...
  3. Ex Works - EXW

    A trade term requiring the seller to deliver goods at his or ...
  4. Free Alongside - FAS

    A trade term requiring the seller to deliver goods to a named ...
  5. Free Carrier - FCA

    A trade term requiring the seller to deliver goods to a named ...
  6. Incoterms

    Trade terms published by the International Chamber of Commerce ...
Related Articles
  1. What Is International Trade?
    Personal Finance

    What Is International Trade?

  2. What Is The World Trade Organization?
    Economics

    What Is The World Trade Organization?

  3. Understanding World Bank Data
    Investing

    Understanding World Bank Data

  4. India Is Eclipsing China's Economy As ...
    Economics

    India Is Eclipsing China's Economy As ...

comments powered by Disqus
Hot Definitions
  1. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  2. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  3. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  4. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  5. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  6. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
Trading Center