HomeDefinitionsCompareDebt Delivered Ex Ship (DES)The financial definition for Delivered Ex Ship (DES):Seller fulfills the contract obligations when the goods have been made available to the buyer on board a ship at the named port of destination. The seller must bear all costs and risks associated in bringing the goods to the named port of destination. The buyer is responsible for all costs necessary to unload the goods and clear them through customs. Since unloading costs are included the ocean freight charged by most ship lines. The DES is most often used for charter shipments. Similar MatchesDelivered at Frontier (DAF)Delivered at Frontier (DAF)Seller must supply the goods at his or her own risk and expense delivered to a named place (usually a border location) by a specified time. The buyer is responsible for the importation. This is normally is used with rail, truck, or multi-modal shipments. Delivered Duty Paid (DDP)Delivered Duty Paid (DDP)Seller must supply the goods at his or her own risk and expense to a named place in the country of importation. The seller is responsible for importation, payment of duty, and on carriage to the location agreed upon with the buyer. Delivered Duty Unpaid (DDU)Delivered Duty Unpaid (DDU)Seller fulfills the contract obligations when the goods have arrived at a named place in the importing country. The seller bears all the costs and risk except for import duties and other customs clearance costs. Further SuggestionsDelivered Ex Quay (DEQ)Click to compare definitions of Delivered Ex Ship (DES) Click to view definitions beginning de |