Delivered Ex Ship - DES

Dictionary Says

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 Says

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.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Cost and Freight - CFR

    A trade term ...
  2. Cost, Insurance and Freight - CIF

    A trade term ...
  3. Ex Works - EXW

    A trade term ...
  4. Free Alongside - FAS

    A trade term ...
  5. Free Carrier - FCA

    A trade term ...
  6. Free On Board - FOB

    A trade term ...
  7. Incoterms

    Trade terms ...
  8. Delivered At Frontier - DAF

    In international ...
  9. Delivered Ex Quay - DEQ

    In international ...
  10. Delivered Duty Paid - DDP

    A transaction in ...

Articles Of Interest

  1. What Is The World Trade Organization?

    The WTO sets the global rules of trade. But what exactly does it do and why do so many oppose it?
  2. What Is International Trade?

    Everyone's talking about globalization, so we explain what is it and why some oppose it.
  3. Market Capitalization Defined

    Find out the differences between mega-, large-, mid- and small-cap stocks and how each suits different investing styles.
  4. In Small Business, Success Is Spelled With 5 "C"s

    Incorporating these steps will help your business thrive in a competitive market.
  5. Retirement Savings Tips For 35- To 44-Year-Olds

    Learn how the "sandwich generation" can save for retirement while taking care of their kids and parents.
  6. Is Loan Protection Insurance Right For You?

    This coverage can keep you from defaulting on your loans when you're in financial trouble.
  7. Selecting And Managing Insurance Payouts

    Find out which settlement option is right for you before you recieve your funds.
  8. Will Filing An Insurance Claim Raise Your Rates?

    An accident can mean higher insurance costs - even if it wasn't your fault.
  9. Are High-Yield Bonds Too Risky?

    Despite their reputation, the debt securities known as "junk bonds" may actually reduce risk in your portfolio.
  10. Passing The Buck: The Hidden Costs Of Annuities

    These may look like good retirement vehicles, but beware of the fees buried in the fine print.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center