DEQ

In the world of finance, the term Delivered Ex Quay (DEQ) is used to describe an agreement between a buyer and seller in which the seller is responsible for delivering the goods to the quay or wharf. This means that the goods are delivered to the buyer once they have arrived at the designated location, and the buyer is responsible for all costs and risks associated with unloading the goods. It is important for both parties to carefully consider the terms of a DEQ agreement to ensure a smooth transaction. This type of arrangement is commonly used in international trade, and understanding its implications is crucial for any business dealing with imports or exports.