Air Freight
The fee for air freight transportation.

Air Freight Insurance
Insurance applied to ensure the safe arrival of goods transported by air to the recipient.

Airway Bill
A document required in air freight, which includes the sender’s name, address, origin of the goods, destination, number of packages, weight, quantity, freight charges, and value of the goods.

ATR Document
A document used for exports and imports between Turkey and the European Union or from an EU country to Turkey.

Barter
Barter is a form of trade where goods are exchanged for other goods between importers and exporters in two different countries.

Bill of Carriage
Also known as a transport or carriage document, it sets out the terms between the sender and carrier regarding the transportation, delivery, and receipt of goods.

Bill of Lading (L/C)
A document used in railway, air, or sea transport, confirming the receipt of goods for transport and their delivery to the consignee at the destination.

Bill of Exchange, Draft
A document that includes an unconditional order to pay a specified amount, including the name of the person to whom payment is to be made, and the date and place of issue, signed by the issuer.

Cash on Delivery
Payment for goods is made after they are delivered to the importer.

Cash Against Documents (CAD)
A payment method where the exporter sends shipping documents to an intermediary bank in the importer’s country, which releases the goods to the importer only after the payment is made.

CE Mark
A mark showing that a product complies with European Union health, safety, environmental protection, and consumer protection directives.

Certificate of Origin (C/O)
A document certified by authorities or consular offices showing the country of origin of the goods.

Commercial Invoice
A record of the transaction between the buyer and seller, detailing the goods sold, price, and terms.

Confirmed Letter of Credit
A letter of credit confirmed by the advising bank, which adds its own responsibility and guarantees the payment.

Conforming Bank
A bank that guarantees payment of the letter of credit if the issuing bank fails to make the payment.

Correspondent Bank
A bank responsible for facilitating communication between the exporter’s and importer’s banks in letter of credit transactions.

Cost and Freight (CFR)
The seller pays all costs up to the destination port, but the risk and responsibility for damage after shipment lie with the buyer.

Cost, Insurance, and Freight (CIF)
The seller is responsible for the cost of transport and insurance during shipment.

Customs Duty
The tax collected on imported goods based on customs tariff schedules.

Delivered Duty Paid (DDP)
Goods delivered with customs duties paid by the seller.

Delivered Duty Unpaid (DDU)
Goods delivered without customs duties paid.

Direct Bill of Lading
A bill of lading used when goods are transported directly without transshipment.

Documents
Documents such as bills of lading, invoices, consular invoices, and expert reports used in trade.

Documents Against Acceptance (DA)
A payment method where the importer receives the goods only after accepting a draft drawn by the exporter.

EUR 1 Document
A document used in trade between Turkey and the EFTA countries or the EU for products covered under the Free Trade Agreement.

Ex Works (EXW)
Goods are made available for pickup at the seller’s premises.

Forwarding Agent
An individual or company specializing in the transportation of goods, typically a freight forwarder.

Freight
The total charge for transporting goods and passengers, paid by the consignor.

Free Alongside Ship (FAS)
Goods are delivered next to the ship at the port of departure.

Free on Board (FOB)
The seller is responsible for delivering goods on board the ship. Once the goods are on board, the risk transfers to the buyer.

Free Carrier (FCA)
Goods are delivered to a carrier nominated by the buyer.

Freight Insurance
Insurance covering damages to goods or transportation vehicles during transport.

Freight Invoice
An invoice for freight charges, confirming that payment for transport services has been made.

Free Zone
Special administrative areas outside national customs borders, where tax and financial obligations may be partially or completely suspended.

Irrevocable Letter of Credit
A letter of credit that cannot be canceled or altered without the consent of all parties involved.

ISO 9000 Certificate
A standard for total quality management in production and business management practices.

Letter of Credit (L/C)
A bank’s commitment to pay the exporter upon fulfillment of specified conditions in the contract.

London Interbank Offered Rate (LIBOR)
The interest rate at which major banks borrow from one another in the London interbank market.