Ex ship

Updated: Aug 20, 2021

Ex ship contracts are similar to free on board ones, except that the seller is responsible for freight and insurance and does not pay them on behalf of the buyer. The goods are at the seller’s risk until they reach the port of delivery. The goods have left the slings of the ship – if barges are necessary the buyer must provide them. Such contracts are also known as ‘free overside’.

Reference: The Penguin Business Dictionary, 3rd edt.

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James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.