delivery ex quay definition

delivery ex quay

DEQ. A form of international trade contract that specifies that the party selling the good must deliver it to a specific wharf or quay at a shipping port. The DEQ contract will indicate if any applicable duties are paid by the seller (duty paid) or the buyer (duty unpaid). Unlike the delivery ex ship contract, the goods must actually be unloaded onto the wharf. See also cost and freight (C&F), cost, insurance and freight (CIF).

This content can be found on the following page:

http://www.businessdictionary.com/definition/delivery-ex-quay.html