Exship

/ɛkˈʃɪp/ preposition, adjective

Definition

Describing goods sold directly from a ship without being unloaded, meaning the buyer assumes responsibility once loaded on the vessel.

Etymology

Commercial term combining 'ex-' (from) with 'ship,' emerging in 19th-century international trade to specify delivery and payment terms.

Kelly Says

When international traders use 'exship,' they're basically saying 'the ship is your problem now'—it's one of many trading terms like 'FOB' and 'CIF' that keep global commerce running smoothly!

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