DEFINITION of 'Delivered Ex Quay - DEQ'

In international trade, DEQ or "delivered ex quay" was a contract specification where the seller had to deliver the goods to the wharf at the destination port. The term is now obsolete, and has been replaced with DAT, or "delivered at terminal."

BREAKING DOWN 'Delivered Ex Quay - DEQ'

Delivered ex quay (DEQ) was a legal term as defined by the "Incoterms," the International Commercial Terms published by the International Chamber of Commerce. These terms, all with three-letter abbreviations, relate to common contractual practices in international trade and are used as standard items to define certain contract terms. The "D" (delivered") portion of the Incoterm is onerous to the seller as the seller has to bear all risks and costs until the item is duly delivered as specified.

Delivered ex quay denoted items to be delivered at a wharf, and was thus applicable to goods delivered via waterways (whether inland or sea). It could be denoted as either duty paid (where the seller was responsible for all costs such as customs duty and taxes associated with the delivery) or unpaid (where the buyer would assume these costs). Delivered ex quay was an alternative to delivered ex ship (DES). With a DES specification, the seller makes the goods available on board a ship at the destination port. DEQ changed the specification so that the goods had to be delivered to the wharf. For DEQ to be applicable, the seller would have to have an import license or otherwise be legally permitted to deliver in the destination country. All legal formalities required for transporting goods to the wharf in the destination country, including all the documentation required for the buyer to take delivery of the goods, had to be completed by the seller. The more onerous terms for a seller of such a contract would be taken on because it would be an incentive for the buyer to contract with that company.

DAQ was discontinued in the 2010 Incoterms. It has been replaced with DAT, or "delivered at terminal." DAT is a wider term than DEQ as the "terminal" referred to can be any place, whether on a waterway or a hub for another kind of transportation route.

  1. Delivered Ex Ship - DES

    Delivered Ex Ship is a trade term; it requires sellers to deliver ...
  2. Free Alongside - FAS

    Free alongside (FAS) is trade term requiring the seller to deliver ...
  3. Ex Works (EXW)

    Ex Works (EXW) is an international trade term by which a seller ...
  4. Free Carrier - FCA

    Free carrier is a trade term specifying a delivery location for ...
  5. Cost, Insurance and Freight - CIF

    Cost, Insurance and Freight (CIF) means the seller pays costs, ...
  6. Carriage Paid To (CPT)

    Carriage Paid To (CPT) is an international trade term denoting ...
Related Articles
  1. Investing

    The Ins And Outs of Seller-Financed Real Estate Deals

    There's more than one way to buy or sell a house. Seller financing presents yet another unique option.
  2. Trading

    Direct Access Trading Systems

    DATs can dramatically speed up order execution - find out how this system gives novice traders an edge.
  3. Insights

    How Does Amazon Charge Taxes on Its Products? (AMZN)

    Most of the tax burdens are shouldered by retailers and individual sellers, creating hidden costs for consumers.
  4. Investing

    Key Home Upgrades That Make Or Break The Deal

    When making a home purchase, pay attention to key features of the home that either should meet a certain standard or should be upgraded by the seller.
  5. Investing

    7 Tips for Writing a Homebuyer’s Letter to a Seller

    To win a real estate bidding war, use these seven tips for writing a homebuyer’s letter to a seller that’s engaging and personal.
  6. Investing

    eBay Vs. Amazon Business Model

    For sellers looking to unload grandma’s things, the decision to go online is easy, but, they still must choose which site to list with: eBay or Amazon.
  7. Investing

    Rent-to-Own Homes: How the Process Works

    A rent-to-own agreement, also called a lease option or lease-to-own agreement, offers an alternative way to buy a home.
  1. What is the difference between Cost and Freight (CFR) and Free on Board (FOB)?

    Learn some international Incoterms, and find out about the difference between free on board shipping and cost and freight ... Read Answer >>
  2. Do CIF charges affect the customs duties?

    Using CIF when buying goods from abroad does not necessarily help in saving any money. There are other charges to be paid, ... Read Answer >>
  3. What are the costs for Free On Board (fob) shipping freights?

    Find out about free on board shipping, the obligations of parties involved, and the costs each party must assume. Learn about ... Read Answer >>
  4. How is it possible to trade on a stock you don't own, as is done in short selling?

    Understand how the process of short selling allows a person to sell a stock without technically owning it. Read Answer >>
Hot Definitions
  1. Gross Margin

    A company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage. ...
  2. Inflation

    Inflation is the rate at which prices for goods and services is rising and the worth of currency is dropping.
  3. Discount Rate

    Discount rate is the interest rate charged to commercial banks and other depository institutions for loans received from ...
  4. Economies of Scale

    Economies of scale refer to reduced costs per unit that arise from increased total output of a product. For example, a larger ...
  5. Quick Ratio

    The quick ratio measures a company’s ability to meet its short-term obligations with its most liquid assets.
  6. Leverage

    Leverage results from using borrowed capital as a source of funding when investing to expand the firm's asset base and generate ...
Trading Center