Russian client plans to remit payment from Turkey using EXW terms for the transaction,with no CE certification required.In this scenario,several key points require clarification and consideration.

EXW terms operation

Under EXW (Ex Works) terms,the sellers responsibility is to have goods ready for buyer collection,with all transportation and cost responsibilities transferring to the buyer from the sellers factory or warehouse.Therefore:

• Sellerresponsibilities:Providegoodsandcommercialinvoice,ensuringgoodsareavailableforcollectionatagreedlocationandtime.
• Buyerresponsibilities:Handlealltransportation,insurance,andpaymentofallrelatedcosts.

Turkey remittance considerations

Remittances from Turkey may face strict scrutiny from banks and regulators due to involvement with sensitive countries (e.g.Russia).Key considerations include:

• Documentprovision:Documentsrequiredincludecontracts,invoices,andshippingdocuments.Banksmayadditionallyrequireasignedletterofcommitmentandsubmissionofcustomsdeclarationsandbillsofladingaftershipment.
• Fundsverification:TurkishbanksconductrigorousscrutinyonremittancesfromTurkeytoChinatoensurelegitimatefundsourcesandclearlydefinedpurposes.

Russian Export and Certification Issues

• EACcertification:MachineryequipmentexportedtoRussiatypicallyrequiresEACcertification,amandatorystandardoftheEurasianEconomicUnion(EAEU)similartotheEUsCEcertificationbutspecificallyapplicabletoRussia,Kazakhstan,Belarus,andothermemberstates.
• CECertification:AlthoughclientsindicateCEcertificationisunnecessary,ifproductsaretransshippedviaTurkeytoRussia,CEcertification(anEUmarketaccessstandard)istheoreticallynotrequired.However,ifEUtransitisinvolved,requirementsoftransitcountriesmayneedattention.

4.Problem

Under EXW terms,special attention is required for payment collection:

• Bankpolicies:IfTurkishbanksstrictlyscrutinizefundsoriginatingfromRussia,ensureyoucanprovideallnecessarydocuments(contracts,invoices,customsdeclarations,billsoflading,etc.).
• Riskavoidance:Understandandcomplywithforeignexchangeregulationsofyourcountryandbanktoavoidfundreturnsorfreezes.

Practical Operation Recommendations

• Communicationandconfirmation:ConfirmeverytransactionstepindetailwithRussianclients,includingfundflow,logistics,andcustomsclearancematters.
• Selectreliablefreightforwarders:EnsurethefreightforwardingcompanyhasexperiencehandlingtradebetweenRussiaandTurkeytofacilitatesmoothoperationsandmitigaterisks.
• Preparecomprehensivedocumentation:EnsurealldocumentsarecompleteandmeetbankrequirementsinTurkeyandyourcountry,includingcontracts,invoices,customsdeclarations,billsoflading,etc.
• EACcertification:EnsureproductscomplywithRussianEACcertificationrequirementstopreventcustomsclearancefailuresuponarrival.
• Legalandcomplianceconsultation:Beforetransactions,consultprofessionallegalandcomplianceadvisorstoensureallproceduresalignwithinternationaltradeandforeignexchangeregulations.

In summary,such transactions are feasible but require compliance at every stage and complete documentation to avoid payment collection and customs clearance issues.