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:
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:
Cost and Freight - CFR
Cost, Insurance and Freight - CIF
Delivered At Frontier - DAF
Delivered Ex Quay - DEQ
Ex Works - EXW
Free Alongside - FAS
Free Carrier - FCA
Free On Board - FOB
Incoterms |