Terms & Conditions :


* To interpret all commercial terms and abbreviations used herein and which have not been otherwise defined, the rules of 'INCOTERMS a€?(Latest Version )a€?shall be applied.


* The Seller shall under no circumstances be liable for any costs, charges, liabilities of whatsoever nature arising subsequent to the delivery /loading of the materials on board the vessel on the basis of CFR (FO/LT) Port, such as insurance charges, port dues, taxes including income tax, customs duties, unloading and handling charges, levies and fees, if any, of whatsoever nature and kind payable or leviable at the time of or by reason of importation of the materials in the country of import.


* Price as agreed between seller and Buyer.


* The title to the materials shall pass from the Seller to the Buyer only after the Seller has negotiated the documents and received full invoice value payment from the opening bank / reimbursing bank or seller has raised invoice after having received the full invoice payment in advance.


* Failure to enforce any condition herein contained shall not operate as a waiver of the condition itself or any subsequent breach thereof.


* This contract shall be governed and construed in accordance with the Laws of India for the time being in force.


* The decision of the seller regarding the final settlement of the claim shall be final and binding on the buyer.


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