DEQ - DELIVERED EX QUAY (... named port of destination)
- DELIVERED EX QUAY means the seller fulfils its obligation to deliver when the goods are placed at the disposal of the buyer not cleared for import on the quay (wharf) at the named port of destination.
- The seller has to bear costs and risks involved in bringing the goods to the named port of destination and discharging the goods on the quay (wharf).
- The buyer clears the goods for import and pays for all formalities, duties, taxes and other charges upon import.
- This is the opposite of the previous version of Incoterms.
- If the parties wish to include in the sellerís obligations all or part of the costs payable upon import of the goods, this should be made clear by adding explicit wording to this effect in the contract of sale.
- If the parties wish to include in the sellerís obligations the risks and costs of the handling of the
goods from the quay to another place (warehouse, terminal, etc.) in or outside the port, then one of the following terms should be used:
- DELIVERED EX QUAY can only be used for:
- Sea or inland waterway transport
- Multimodal transport
- Discharging from a vessel onto the quay (wharf) in the port of destination.
© 2004 John Michael Pierobon