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LSDefine

Simple English definitions for legal terms

delivered ex quay

Read a random definition: Great Writ

A quick definition of delivered ex quay:

Delivered ex quay is a term used in business contracts for buying and selling goods. It means that the seller is responsible for clearing the goods for export, paying for transportation to the port named by the buyer, and placing the goods next to the ship in the destination port. The seller's job is done when the goods are unloaded from the ship in the destination port, and the buyer takes on the risk of loss from that point on. This term is only used when goods are transported by sea or inland waterway.

A more thorough explanation:

Definition: Delivered ex quay is a term used in business contracts that outlines the responsibilities of the buyer and seller regarding the delivery, payment, and risk of loss of goods. The seller is responsible for clearing the goods for export, paying for transportation to the port specified by the buyer, and placing the goods next to the ship in the destination port. The delivery is considered complete when the goods are unloaded at the destination port, and the risk of loss passes to the buyer. This term is only used for goods transported by sea or inland waterway.

Example: A company in China agrees to sell 1000 units of a product to a company in the United States. The contract specifies that the delivery will be "delivered ex quay" to the port of Los Angeles. The Chinese company is responsible for clearing the goods for export, paying for transportation to the port of Los Angeles, and placing the goods next to the ship. Once the goods are unloaded at the port of Los Angeles, the delivery is considered complete, and the risk of loss passes to the US company.

Explanation: In this example, the term "delivered ex quay" outlines the responsibilities of the Chinese company as the seller and the US company as the buyer. The Chinese company is responsible for all costs associated with getting the goods to the port of Los Angeles and placing them next to the ship. Once the goods are unloaded at the port, the delivery is considered complete, and the US company assumes the risk of loss. This term is only used for goods transported by sea or inland waterway, as it specifically refers to the placement of goods next to a ship in a port.

delivered duty unpaid | delivered ex ship

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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