delivered ex quay
delivered ex quay. A mercantile-contract term allocating the rights and duties of the buyer and the seller of goods with respect to delivery, payment, and risk of loss, whereby the seller must (1) clear the goods for export, (2) bear the costs of transportation to the port named by the importing buyer, and (3) place the goods alongside the ship in the port of destination. • The seller’s delivery is complete (and the risk of loss passes to the buyer) when the goods are unloaded in the destination port. This term is used only when goods are transported by sea or inland waterway. — Abbr. DEQ. Cf. DELIVERED EX SHIP ; FREE ALONGSIDE SHIP.
