Terms & Conditions

Payment Terms and Conditions

 

1. Letter of Credit (L/C): Considered the most secure payment method, where the buyer's bank guarantees payment upon presentation of compliant documents.

 

2. Documentary Collection (D/C): A reliable method where the seller's bank collects payment from the buyer & bank upon presentation of documents.

 

3. Advance Payment: Request a percentage of the payment upfront, with the balance paid via L/C or D/C.

 

4. Open Account: Suitable for repeat business with trusted buyers, where payment is made directly to the seller's bank account.

 

 

Logistics Terms and Conditions

 

1. FOB (Free on Board): The seller is responsible for loading the goods onto the vessel, while the buyer assumes responsibility for freight and insurance.

 

2. CIF (Cost, Insurance, and Freight): The seller is responsible for arranging and paying for freight and insurance to the destination port.

 

3. EXW (Ex-Works): The seller is responsible for making the goods available at their premises, while the buyer assumes responsibility for loading, freight, and insurance.

 

4. DAP (Delivered at Place): The seller is responsible for delivering the goods to the buyer's premises,

with the buyer assuming responsibility for unloading.

 

 

Incoterms 2020

Familiarize yourself with the latest Incoterms, which clarify the responsibilities of buyers and sellers in international trade.

 

Insurance

1. Marine Insurance: Covers goods against loss or damage during transit.

2. Cargo Insurance: Provides additional coverage for goods against loss, damage, or theft.

 

 

Dispute Resolution

1. Arbitration: A neutral third-party resolves disputes between the buyer and seller.

2. Mediation: A neutral third-party facilitates negotiations between the buyer and seller.

 

 

Contract Clauses

1. Force Majeure: Protects both parties from unforeseen events beyond their control.

2. Termination: Outlines the conditions for terminating the contract.

3. Governing Law: Specifies the laws governing the contract.

 

 

Documentary Requirements

1. Commercial Invoice: A detailed invoice for customs and payment purposes.

2. Packing List: A document listing the contents of each package.

3. Certificate of Origin: Verifies the country of origin for customs purposes.

 

 

Best Practices

1. Clearly define payment and logistics terms: Avoid misunderstandings by explicitly outlining the terms and conditions.

2. Use standardized contracts and documents: Utilize established templates to ensure consistency and compliance.

3. Establish open communication: Regularly update the buyer on the status of the shipment and address any concerns promptly.

 

 

Payment Methods

We accept the following payment methods for your convenience:

• Credit/Debit Cards (Visa, MasterCard, etc.)
• PayPal
•  Bank Transfers
•  Digital Wallets (Apple Pay, Google Pay, etc.)
•  Razor pay , PayU

 

All transactions are securely processed and encrypted for your safety.

 

 

Taxes and Duties

1. Domestic Taxes (India):

2.

o Goods and Services Tax (GST) will be applied to products as per applicable rates. The applicable GST rate will depend on the nature of the product being

purchased.

o GST will be calculated at checkout and clearly indicated on your invoice.

o

 

 

3. International Taxes:

4.

o Taxes and duties may apply to international orders depending on your country of residence.

o These taxes are the responsibility of the customer and will be calculated by customs upon arrival in your country.

o We recommend that you check with your local customs office for more details

on applicable duties and taxes before placing an international order.

o

 

 

5. Ex Works (EXW):

 

o Prices on our website are quoted on an Ex Works (EXW) basis, meaning the buyer is responsible for all shipping charges, customs duties, taxes, and other costs related to the shipment once the goods leave our warehouse.

 

 

Important Notes:

 

•  Currency Conversion: International customers may incur currency conversion charges, depending on the payment method.
• Customs and Import Restrictions: We are not responsible for any import restrictions or delays in your country.
•  Refund Policy: Taxes and duties are non-refundable unless explicitly stated by local laws.