TeachMeFinance.com - explain Ex-ship
Ex-ship -- or ex-steamer. A mercantile term ; goods sold ex-ship or ex-steamer are sold free out of the vessel (free of
charges up to the time of discharge from the vessel). The
seller's responsibility ceases as soon as the goods have left the
vessel. Free overside has the same meaning.
Sometimes the term ex is used in connection with the name
of a vessel, as ex-steamer Ocean or ex-ship Wave. In such
a case the name of the vessel is used for the purpose of designating
the particular vessel by which the goods arrived as
well as to indicate that the goods are free out of the vessel.
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