What is Delivered Ex Ship? Logistics Terms and Definitions | Saloodo! (2024)

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What is Delivered Ex Ship? Logistics Terms and Definitions | Saloodo!? ›

Delivered ex ship was an international trade term indicating that the seller was responsible for delivering the goods to a named port of destination, covering transportation costs and risks until the goods arrive.

A price quoted ex vessel used in connection with a port name means all costs paid until free of the ship's tackle at the port designated.

The term of delivery is a part of the contract of trade between the seller and the buyer. In the end the correct term of delivery is the responsibility of the person who is in charge of the profitability of the business, e.g. sales director/purchasing directors.

Ex-ship contracts-- Under an 'ex-ship contract the seller has to delivery the goods to the buyer at the port of destination. In such contracts the property in the goods does not pass until actual delivery. The goods are at the seller's risk during the voyage.

Delivered Ex Ship is an outdated incoterms rule which has been replaced by DAP and DAT. DES means a seller has fulfilled a delivery agreement when the goods are delivered to the port specified by a buyer.

Delivered ex-ship (DES) was a trade term that required a seller to deliver goods to a buyer at an agreed port of arrival. The seller assumed the full cost and risk involved in getting the goods to that point.

Ex Works (EXW) is a shipping arrangement in which a seller makes a product available at a specific location, but the buyer has to pay the transport costs.

EXW stands for Ex Works and is one of the 11 Incoterms® rules. It places minimum responsibility on the seller, who makes the goods available at a location, usually the seller's premises or another named place such as a factory or warehouse. The seller does not need to load goods or clear them for export.

(1) Who arranges for transport and the carrier. (2) Who pays for transport. (3) Where/when does title (ownership) of goods transfer from seller to buyer. Consequently, shipping terms tell where costs are transferred and where the risk is transferred from the shipper to the consignee.

Currently, there are 11 different incoterms. Each type is divided into four groups: E, F, C and D. These categories are determined by the delivery location and who is responsible for covering the cost of each part of the journey. The groups are then split into sub-categories which refer to various scenarios.

What does ex mean in Incoterms? ›

Ex Works is an Incoterm used for all forms of shipping, regardless of the mode, or legs of the transport. Under this term, the buyer assumes all responsibilities of the shipmen, once the cargo is packed in export packaging and collected.

In CIF, the seller is obliged to arrange a shipping contract at their expense. In EXW, neither the buyer nor the seller is obligated to arrange a shipping contract, but the buyer will usually do so to facilitate transport.

FOB is a shipping term that stands for “free on board.” If a shipment is designated FOB (the seller's location), then as soon as the shipment of goods leaves the seller's warehouse, the seller records the sale as complete.

Under EXW, the buyer is obligated to handle the shipping logistics, including the import customs formalities in the seller's country. In comparison, the buyer is only responsible for handling the import formalities in their country and unloading the goods at the named destination in DAP.

Cost, Insurance, and Freight (CIF) is one of the 11 Incoterms® rules set by the International Chamber of Commerce. It's an international shipping agreement, which represents the charges paid by a seller to cover the costs, insurance, and freight of a buyer's order while the cargo is in transit.

Ex Works requires that the seller make the product available at a designated location, and the buyer incurs transport costs. Free on Board makes the seller responsible for the goods until they are loaded on a shipping vessel, at which point, all liability transfers to the buyer.

Ex-Vessel. Refers to activities that occur when a commercial fishing boat lands or unloads a catch. For example, the price received by a captain for the catch is an ex-vessel price.

An EX-A document is an export document that is required for a consignment that has been produced within the EU (or cleared in the EU) and that leaves the territory of the European Union. In this case, this means goods that are no longer returned to the country of origin.

Ex Works means that the seller shall deliver the goods as soon as they are made available to the buyer at the seller's premises or other designated premises (e.g. factory, plant, warehouse, etc.).

A vessel is a large watercraft designed to transport cargo, goods, and passengers across oceans, seas, and navigable waterways. These powerful and sophisticated vessels form the backbone of global commerce, ensuring the smooth and efficient movement of goods and fostering international trade.