DES
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DES
Abbreviation for "Delivered Ex Ship."
Delivered Ex Ship
In international commerce, an agreement between a buyer and a seller in which the seller must bear all costs and risks of transporting a good until it has arrived at a port and has been made available for the buyer or his/her agent to retrieve it. That is, the seller has total responsibility while the good is being shipped overseas. The seller must pay the shipping company and purchase insurance for the good. See also: Incoterm.