Delivered Ex Ship (DES)

Search Dictionary

Definition of 'Delivered Ex Ship (DES)'

Delivered Ex Ship (DES) is an Incoterm that means that the seller is responsible for delivering the goods to the port of destination and loading them onto the ship. The buyer is responsible for all costs and risks from that point on.

Here is a more detailed explanation of how DES works:

1. The seller contracts with a carrier to ship the goods to the port of destination.
2. The seller pays for the cost of loading the goods onto the ship.
3. The seller is responsible for all costs and risks up to the point that the goods are loaded onto the ship.
4. The buyer is responsible for all costs and risks from the point that the goods are loaded onto the ship.

DES is a common Incoterm for shipping goods by sea. It is a good choice for sellers who want to control the cost of shipping and who are confident that the buyer will be able to take delivery of the goods at the port of destination.

Here are some of the advantages of using DES:

* The seller can control the cost of shipping.
* The seller can choose the carrier.
* The seller can get insurance for the goods.

Here are some of the disadvantages of using DES:

* The buyer is responsible for all costs and risks from the point that the goods are loaded onto the ship.
* The buyer may have to pay customs duties and other fees at the port of destination.
* The buyer may have to arrange for storage of the goods at the port of destination.

DES is a good choice for sellers who are confident that the buyer will be able to take delivery of the goods at the port of destination. It is not a good choice for sellers who are concerned about the cost of shipping or who are not confident that the buyer will be able to take delivery of the goods.

Do you have a trading or investing definition for our dictionary? Click the Create Definition link to add your own definition. You will earn 150 bonus reputation points for each definition that is accepted.

Is this definition wrong? Let us know by posting to the forum and we will correct it.