“Commercial Services of Kardu Tejarat Pars Company”

“By relying on experienced staff in following up customs permits and goods clearance, and through cooperation with freight forwarding and cargo insurance companies, the company also carries out commercial activities even in areas involving goods outside Kardo’s technical expertise or products for which it has not obtained sales representation.”

: The scope of Kardo Company’s activities in the field of trading permitted goods is as follows

  • Domestic and international sourcing
  • Obtaining customs permits

  • Order registration

  • Handling cargo insurance services (through partner company)

  • International transportation (through partner company)

  • Customs clearance and delivery to valued customers

? What is Incoterms

Incoterms are detailed international rules and standards established by the International Chamber of Commerce (ICC). When included in a contract, these rules are binding for both the seller and the buyer, and they are applied exclusively to transactions involving the sale and purchase of goods, not services.

Reducing commercial risks with Incoterms

The value of Incoterms lies in defining the obligations of the buyer and the seller in a commercial contract. Accordingly, Incoterms 2000 was classified on this basis. Incoterms 2020, while maintaining the emphasis on obligations, has centered its classification on the different modes of transport.

Incoterms only include the following:

    • Costs: insurance, inspection, domestic and international transportation, preparation of customs documents, export and import declaration (Costs), or clearance, unloading, loading, and port charges
    • Carrying out the above matters (Obligation = responsibilities) duties and commitments
    • Risks and hazards

Incoterms (Maritime) – Combined:

EXW – FCA – CPT – CIP – DAP – DPU – DDP

Incoterms (Maritime):

FAS – FOB – CFR – CIF

Kardu Tejarat Pars Company supplies and delivers imported goods under the following conditions.

This means that the seller completes the delivery when, after customs clearance for export, the goods are placed at the disposal of the carrier designated by the buyer at the agreed location. It should be noted that the selected place of delivery affects the obligations of loading and unloading at that location. If delivery takes place at the seller’s premises, the seller is responsible for loading; however, if delivery occurs at another location, the seller is not responsible for unloading.

This means that the seller completes delivery when the goods are placed on board the vessel at the port of shipment. In other words, from this moment on, the buyer must bear all costs of the goods as well as the risks of loss or damage. The FOB term requires the seller to clear the goods for export. This term applies only to sea transport.

This means that the seller completes delivery when the goods are loaded on board the vessel at the port of origin. The seller must pay the costs and freight necessary to transport the goods to the named port of destination, but the risk of loss or damage to the goods, as well as any additional costs occurring after delivery and loading, transfers from the seller to the buyer. The seller is also required to carry out the export declaration.
CFR Term: CFR = FOB + Freight charges

This means that the seller delivers the goods to a carrier chosen by the seller, and in addition must pay the necessary costs for transporting the goods to the agreed destination. In other words, the buyer assumes responsibility for all risks to the goods and any additional costs after delivery. The point of transfer of risk is the place of delivery to the carrier (similar to FCA).
CPT = FCA + Freight

With customs clearance and payment of duties and taxes

This means that the seller delivers the goods, after customs clearance for import, at the designated place in the country of destination, in such a way that they are ready for unloading from the arriving means of transport. The seller must bear all responsibilities, risks, and costs related to the goods up to this point, including any “duties and taxes.” This term includes the responsibility and risks of carrying out customs formalities, as well as paying the costs of such formalities, taxes, and other charges associated with importing the goods into the destination country.
Note: In the terms mentioned, the point of transfer of risk is the place of delivery.