Legal Definitions - ex ship

EX SHIP

Ex ship refers to a shipment of goods where the buyer becomes responsible for any loss or damage to the goods once they leave the ship.

Example 1: A company in Japan purchases a shipment of electronics from a supplier in China on an ex ship basis. The supplier is responsible for delivering the goods to the port in Japan, but once the goods are loaded onto the ship, the buyer becomes responsible for any loss or damage during transit.

Example 2: A retailer in the United States orders a shipment of clothing from a manufacturer in India on an ex ship basis. The manufacturer is responsible for delivering the goods to the port in the United States, but once the goods are loaded onto the ship, the retailer becomes responsible for any loss or damage during transit.

These examples illustrate how ex ship works in practice. In both cases, the seller is responsible for delivering the goods to the port, but once the goods are loaded onto the ship, the buyer becomes responsible for any loss or damage during transit. This means that the buyer needs to have insurance in place to cover any potential losses or damages that may occur during shipping.