Legal Definitions - DEQ

Term: DEQ

Definition: DEQ stands for Delivered Ex Quay. It is a trade term used in international shipping that means the seller is responsible for delivering the goods to the quay (dock) at the destination port. The buyer is responsible for all costs and risks associated with unloading the goods from the ship and transporting them to their final destination.

Example: A company in China sells 1000 widgets to a company in the United States. The terms of the sale are DEQ Los Angeles. This means that the Chinese company is responsible for delivering the widgets to the quay in Los Angeles. The American company is responsible for all costs and risks associated with unloading the widgets from the ship and transporting them to their warehouse.

Explanation: The example illustrates how DEQ works in international trade. The Chinese company is responsible for delivering the goods to the quay in Los Angeles, but the American company is responsible for all costs and risks associated with unloading the goods from the ship and transporting them to their warehouse. This means that the American company must arrange for a trucking company to transport the widgets from the quay to their warehouse and pay for any fees associated with unloading the widgets from the ship.