Incoterms® are terms regulated by the International Chamber of Commerce (ICC) in order to standardise international delivery methods.
In this way, buyers and sellers can choose a delivery method according to their own needs.
The most used incoterms® to/from shipping Turkey are FOB, EXW, CIF, CFR and DDP. These incoterms®are also the most common incoterms®in the world.
1. What’s the meaning of CIF (Cost, Insurance and Freight) in Turkey?
The seller is responsible for arranging and paying for the main carriage, but once the goods have been delivered over a ship’s rail at the outgoing port, the risk of damage or extra costs stays with the buyer. This incoterm is used only for goods shipped by sea or inland waterway transport.
2. What's the meaning of CFR (Cost and Freight) in Turkey?
The seller is responsible for arranging and paying for the main carriage, but the risk of damage or extra costs stays with the buyer. This incoterms® is used only for goods shipped by sea or inland waterway transport.
3. What’s the meaning of FOB (Free on Board) in Turkey?
The seller is responsible for arranging and paying for delivering the goods to a carrier. The seller’s risk ends when the goods are delivered to the main carrier. This incoterms® is only used for sea or inland waterway transport.
4. What's the meaning of EXW (Ex Works) in Turkey ?
The seller minimises their risk by making the goods available at their own premises. The buyer loads the goods, arranges and pays for transport, customs clearance, and insurance. This incoterms® can be used for all types of transport.
5. What is the meaning of DDP Shipping (Delivered Duty Paid) in Turkey?
The seller covers all costs and risks involved to bring goods to the named destination place, including import customs clearance, duties and taxes. This incoterms® suitable for all types of transport.
