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Introduction to Delivered Ex-Ship (DES) Delivered ex-ship (DES), also known as “delivered at ship,” was a trade term used in international shipping contracts that required the seller to deliver goods onboard a vessel at an agreed port of loading or discharge, with all risk and responsibility passing from the seller
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Introduction to Delivered-at-Place (DAP) Delivered-at-place (DAP), also known as Delivered at Terminal, is a widely-used international trade term that provides clarity on the responsibilities of buyers and sellers when goods are shipped from one country to another. Introduced in the eighth publication of Incoterms by the International Chamber of Commerce
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Overview of Bilateral Trade Agreements Bilateral trade agreements represent mutual understandings between two countries for promoting commerce and reducing trade barriers. These agreements eliminate tariffs, import quotas, export restraints, and other restrictive practices to encourage exchange of goods and services. The Office of Bilateral Trade Affairs, an agency under the
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