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Tag: International Trade Terms

Golden goods moving from dock to ship, symbolizing DES transfer in international trade.

Understanding Delivered Ex-Ship (DES): A Defunct International Trade Term for Professional and Institutional Investors

July 16, 2024 FinanceFacts101 Business Finance

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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Delivered Duty Unpaid (DDU): An International Trade Term for Buyers and Sellers

July 8, 2024 FinanceFacts101 Business Strategy

Understanding Delivered Duty Unpaid (DDU) Delivered Duty Unpaid (DDU) is a significant international trade term that denotes the seller’s responsibility in delivering goods up to a specified location. Once the consignment reaches this agreed-upon destination, the buyer assumes all costs and risks associated with import duties, taxes, and other necessary

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