Delivered Ex-Quay

Delivered Ex-Quay (DEQ) :

Ex-Quay means that the seller makes the goods available to the buyer at a named quay. As in the term Ex-ship the points of division of costs and risks coincide, but they have now been moved one step further - from the ship into the quay or wharf i.e. after crossing the Customs border at destination. Therefore, in addition to arranging for carriage and paying freight and insurance the seller has to bear the cost of discharging the goods on the quay.

The buyer is required to clear the goods for import and to pay for all formalities, duties, taxes and other charges upon import.

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