WHAT IS FOB?
TRADE TERM

Free On Board Includes the responsibility of the Supplier until it transports the material to the deck of the ship to be shipped. The transportation costs from the factory to the port customs, port customs and port costs belong to the supplier. After the material is transported to the ship deck, the responsibility belongs to the customer.

WHAT IS CMR?
The CMR is the Contract of Contract for the International Transport of Goods by Road. CMR provisions are applied in the resolution of legal disputes that may occur in road transport. Said agreement Turkey 2 December 1994, upheld by the Council of Ministers No. 94/6322.

WHAT IS CE CONFORMITY MARK?
It is a Union sign indicating that the products that are within the scope of the New Approach Directives in the European Union countries comply with the basic requirements of the relevant directives of the EU and have passed all the necessary conformity assessment activities.

WHAT ARE THE METHODS OF PAYMENT TO FOREIGN TRADE?
1) Cash Payment / Advance Payment / Prepayment / Cash Before Delivery

It is the payment method in which the importer pays the cost of the goods to the exporter before the actual export. In this form of payment, the exporter does not undertake any risk, and the importer carries the risk of loss due to reasons such as not sending the goods or the goods are not suitable for the order qualification.

Advance export fees can be collected by the importer, exporter or third parties who declare that they act on their behalf, in the form of money order through banks, by checks and effective, with a proof that the foreign currency seller is resident abroad or by credit card if it is determined that the credit card has been issued from abroad.

2) Cash Against Goods

It is a form of payment in which the cost of the exported goods is paid after the goods are received by the importer. After the exporter has shipped his goods, he sends the documents regarding the shipment to the importer directly or via a bank provided that they are delivered free of charge. It is the form of payment that the exporter bears the most risk. Since the payment of the cost of the goods is made after the delivery of the goods, there is a risk that the cost of the goods will not be paid.

3) Cash Against Documents / Documentary Collections

It is a form of payment that allows the delivery of the shipping documents representing them to the importer through the bank in return for payment or policy acceptance or issuance of bonds after the exporter has shipped the goods in accordance with the sales contract made with the importer. After the bank collects the export price, it delivers the documents to the importer.

4) Acceptance Credit

It is a form of payment that undertakes to pay the cost of the goods in a certain term and this payment is a policy.

Letter of Credit with Acceptance Credit: It is a form of payment that allows shipping documents in letters of credit opened in accordance with international rules and legislation, and the policy submitted with these documents to be released after the acceptance by the importer’s bank or the correspondent bank and the costs to be paid on the policy maturity.
Against Documents with Acceptance Credit: It is a form of payment in which the cost of the goods is paid to the exporter at the term of the policy after the bank delivers the shipping documents with these documents to the importer following the acceptance of the policy attached by the importer.
Against Goods with Acceptance Credit: It is a form of payment in which the payment is made on the policy term after the exported goods are received by the importer and the policy is accepted.
5) Letter of Credit

Upon the request and instruction of the importer or on the condition that the letter of credit conditions of a bank performing transactions on its behalf are complied with and against the submission of the documents stipulated in the letter of credit

It is
an arrangement whereby he / she will make a payment to the exporter or his / her order or accept and pay the policies that the exporter will withdraw, or authorize another bank to make such payment or accept the withdrawn policies, or authorize another bank to make a surrender transaction.
In short, it is a form of payment that promises to make a payment to the exporter in accordance with the instructions given by the importer, in return for the fulfillment of the conditions required by the bank where the importer works for a certain amount and for a certain term, and the presentation of the documents regarding the export of the goods exported by the exporter.

The letters of credit are opened within the framework of the rules in the brochure “Uniform Customs and Applications for Documentary Loans-UCP 500” published by the International Chamber of Commerce to ensure uniformity in payments with letters of credit.

WHAT IS TRANSIT TRADE?
It is the sale of goods purchased from a firm located abroad or in a free zone or from a warehouse in transit through our country or directly to a firm or warehouse located abroad or in the free zone.