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.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Delivered Ex Ship — noun Meaning the seller pays for all transportation and insurance until the transporting ship has arrived at the port of destination … Wiktionary
Delivered ex Ship — … Википедия
Ship — [ʆɪp] noun PROPERTY ORGANIZATIONS Safe Home Income Plans association; an official organization in Britain that represents and controls companies who provide Hip S: • the Ship code of practice * * * Ⅰ … Financial and business terms
Ship — (в переводе с англ. корабль ) многозначный термин: The Ship компьютерная игра в жанре FPS Ship Simulator 2006 игра симулятор гражданских кораблей Freedom Ship корабль, называемый городом на море Delivered Ex Ship условие договора… … Википедия
ship — ▪ I. ship ship 1 [ʆɪp] noun [countable] a large boat used for carrying people or goods across the sea: • The island s waste is taken by ship to the mainland. ˈcargo ship TRANSPORT a ship built to carry goods rather than people conˈtainer ship … Financial and business terms
delivered — adjective (in combination) that has been, or will be delivered in a specific manner delivered duty paid, delivered ex ship … Wiktionary
ship construction — Introduction complex of activities concerned with the design and fabrication of all marine vehicles (ship). Ship construction today is a complicated compound of art and science. In the great days of sail, vessels were designed and… … Universalium
Delivered Ex Quay — ( DEQ) Seller fulfills the contract obligations to deliver when the goods are made available to the buyer at the wharf of the destination port. A DEQ can further specify Duty Paid or Duty Unpaid. If Duty Paid is specified, the seller is… … Financial and business terms
Ship — A ship IPA|/ʃɪp/ audio|en us ship.ogg|Audio (US) is a large vessel that floats on water. Ships are generally distinguished from boats based on size. Ships may be found on lakes, seas, and rivers and they allow for a variety of activities, such as … Wikipedia
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ship·ment — /ˈʃıpmənt/ noun, pl ments 1 [count] : a load of goods that are being sent to a customer, store, etc. We sent out another shipment of books. arms/grain/oil shipments My order was delivered in two shipments. 2 [nonco … Useful english dictionary