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LSDefine

Simple English definitions for legal terms

delivered ex quay

Read a random definition: Alcohol and Tobacco Tax and Trade Bureau

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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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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