Also found in: Acronyms.
Abbreviation for the Incoterm "Delivered Ex Quay."
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Delivered Ex Quay
In international commerce, an agreement between a buyer and a seller where the seller must bear all cost and risk of transporting a good until it has arrived and been unloaded at a port. That is, the seller has total responsibility while the good is loaded, being shipped overseas, and unloaded. The seller must pay the shipping company and purchase insurance for the good. The buyer may or may not be responsible for paying duties and customs, depending on the specific nature of the agreement. See also: Incoterm.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved