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Simple English definitions for legal terms

delivered ex quay

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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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13:51
I do think people might be using the term unicorn PI too liberally
13:51
Used to mean career outcomes that were pretty much only possible out of HYS and maybe NYU
Some consider Unicorn PI to include things like Asst US Attorney. In that case, you can achieve that by going anywhere that will allow you sit for the bar so long as your grades are strong and your internships and/or clerkships align.
16:34
Chowie go to Berk cause that's probably where I end up
16:34
But in all seriousness I would take Miami. If you're 100% committed to PI I don't think the .1% outcome that may be possible from Berk is worth taking on insane debt
has anyone heard back on a saturday or sunday?
and do we think any school would send out decisions on monday (since its presidents day)
techsplitter
19:01
no
20:10
take full ride 100%
20:11
@ChowieBean: ^
20:47
@LeanDeadCloud: HR works m-thu 10-2
J-Reuben-Clark-Law
11:50
Good for UT Austin people: https://www.youtube.com/watch?v=MWTt77PPg4Q
J-Reuben-Clark-Law
17:18
"The man of talent is like a marksman who hits a mark others cannot hit; the man of genius is like a marksman who hits a mark they cannot even see to."
omelette
8:21
today's gonna be quiet asf just like this past weekend
omelette
8:25
some schools are open today tho apparently like columbia so some decisions might be imminent
UGA🫵🏻
Just got my acceptance to NCCU last week + I did my interview with Elon (not too exciting they give every applicant one).
Also received rejections from UNebraska and Wake
omelette
10:04
congrats on NCCU!
BatmanBeyond
11:51
I got waitlisted at an in-state school above both medians. The whole idea was that it's a cheaper, accessible option than my sole A. This cycle is brutal.
BatmanBeyond
11:52
Not even motivated to write a LOCI, but even if I get in, should I expect no scholarships?
omelette
11:52
you can still get schollies off the waitlist but maybe not a full ride yk
BluePacedCephalopod
11:56
sounds like yield protection
BluePacedCephalopod
11:56
fwiw i got put on then taken off my safety's WL in about a month and then got a 75% scholly
BatmanBeyond
12:18
@BluePacedCephalopod: did you write a LOCI?
BluePacedCephalopod
12:18
no they reached out for an interview
12:28
has UVA done any admit in the past few days?
omelette
13:18
yes 2/13 and 2/14, they wouldnt release on a weekend
thecableguy7
15:06
UT Austin today?
J-Reuben-Clark-Law
15:16
More like UTI Austin am I right ladies.
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