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LSDefine
Simple English definitions for legal terms
DES
Read a random definition: release clause
A quick definition of DES:
Term: DES
Definition: DES stands for "Delivered Ex Ship." This means that the seller is responsible for delivering the goods to the buyer at the agreed-upon destination, but the buyer is responsible for unloading the goods from the ship. It is a term used in international trade.
Term: DE SALVA GARDIA
Definition: DE SALVA GARDIA is a legal term that means "of safeguard." It refers to a writ that is issued to protect people who are not from England from harm while they are pursuing their legal rights in England. This writ is meant to ensure that these people are safe and can exercise their legal rights without fear of harm or interference.
A more thorough explanation:
DES
DES stands for DELIVERED EX SHIP. It is a trade term used in international shipping that means the seller is responsible for delivering the goods to the buyer at the named port of destination. The seller is responsible for all costs and risks until the goods are unloaded from the ship.
An electronics company in Japan sells 100 laptops to a retailer in the United States. The trade agreement is DES Los Angeles. This means that the Japanese company is responsible for delivering the laptops to the port of Los Angeles and unloading them from the ship. The retailer is responsible for all costs and risks after the laptops are unloaded.
This example illustrates how DES is used in international trade to specify the responsibilities of the seller and buyer in terms of delivery and risk.