An Ex-Ship contract is a specific type of contract for the sale of goods transported by sea. "Ex-ship" means that the seller's obligation is to deliver the goods to the buyer from a ship that has arrived at the port of destination.
Key Features:
Risk: The risk of loss or damage stays with the seller until the goods are actually delivered from the ship to the buyer.
Expenses: The seller pays the freight charges and insurance until the arrival at the port.
Delivery: The buyer is not bound to pay until the goods are safely unloaded from the ship at the destination port.
No comments:
Post a Comment