DEQ - DELIVERED EX QUAY (incoterms
2000)
What is DEQ?
DEQ is a delivery
term Delivered EX QUAY, specified in INCOTERMS 2000.
DEQ means that the seller
delivers goods to the quay at the port of destination.
The seller pays costs until
the goods delivered to the quay at the port of destination.
The goods delivered with DEQ
are cleared for export by seller.
This also means that the
buyer should bear all costs and risks of loss or damage
from the point of delivery.
It is recommended to
verify specific details in Incoterms 2000.
Import, Export,
Incoterms
The seller's obligations in DEQ
term:
Provision of goods
Licenses and export
formalities
Delivery at the named place
Transfer of risks to the
buyer
Details are specified
in Incoterms 2000
The buyer's obligations
in DEQ term:
Payment of the price
Licenses and import
formalities
Contracts of carriage to the
named place
The buyer should bear all
risks from the time the goods are delivered according to DEQ
term
Details are specified
in Incoterms 2000
Additional information about divisions of
costs, notice to the buyer, notice to the seller, proof of
delivery, transport documents and other
obligations available in INCOTERMS 2000 of
ICC.
Search for more in the
database
Subjects keywords:
DEQ, DELIVERED EX QUAY: DEQ definition, seller's obligations in DEQ term, buyer's
obligations in DEQ term, INCOTERMS. All information about
DEQ.
