Definition of ex quay in English English dictionary
"Ex Quay" means that the seller makes the goods available to the buyer on the quay (wharf) at the destination named in the sales contract The seller has to bear the full cost and risk involved in bringing the goods there There are two "Ex Quay" contracts in use: (a) Ex Quay "duty paid" and (b) Ex Quay "duties on buyer's account" in which the liability to clear goods for import is to be met by the buyer instead of by the seller » Back to top of screen
Contract term describing the responsibility of the seller of goods requiring that the seller make the goods available to the buyer on the wharf at a named destination, said destination customarily following the term "ex quay " Usually, the party stipulates explicitly whether the goods are to be delivered "ex quay" with "duty paid" or with, in the alternative, "duties on buyers account "
Ex Quay means that the seller makes the goods available to the buyer on the quay (wharf) at the destination named in the sales contract The seller has to bear the full cost and risk involved in bringing the goods there There are two Ex Quay contracts in use: (a) Ex Quay duty paid and (b) Ex Quay duties on buyer's account in which the liability to clear goods for import is to be met by the buyer instead of by the seller