Full formBusiness & Corporate
DEQstands forDelivered Ex Quay
Full Form of DEQ
What is DEQ?
Delivered Ex Quay (DEQ) is an International Commercial Term (Incoterm) used in trade contracts where the seller delivers the goods to the buyer on the quay (wharf) at the destination port. Under DEQ, the seller bears all risks and costs, including transportation, insurance, and import duties, until the goods are placed on the quay in the destination country. In India, DEQ is frequently used in maritime trade through major ports like Mumbai, Chennai, and Nhava Sheva, particularly for bulk commodities such as oil, coal, and machinery. The term clarifies the exact point of risk transfer, helping Indian importers and exporters avoid disputes. While DEQ is less common now compared to Delivered at Place (DAP) under Incoterms 2020, it remains relevant in legacy contracts and exams like CA, CMA, and MBA logistics modules. Understanding DEQ is essential for professionals in shipping, supply chain, and international business, as it directly impacts costing and liability allocation in cross-border transactions.
DEQ का फुल फॉर्म
डिलीवर्ड एक्स क्वे
Example
The contract specified DEQ Mumbai, so the seller arranged customs clearance and unloading at the quay before passing ownership to the Indian buyer.
DEQ — frequently asked questions
What is the full form of DEQ?
DEQ stands for Delivered Ex Quay, an Incoterm where the seller delivers goods to the buyer on the quay of the destination port.
How is DEQ different from DAP in Indian trade?
DEQ requires the seller to unload goods onto the quay, while DAP only requires delivery at the named place (often without unloading). Under Incoterms 2020, DAP is preferred over DEQ.
Is DEQ still valid in India after Incoterms 2020?
Yes, DEQ can still be used in contracts, but INCOTERMS 2020 replaced it with DAP for most purposes. Some legacy contracts and exam syllabi still reference DEQ.