FCL AND LCL EXPORT ENQUIRIES · UAE, GCC, USA, EU REQUEST A QUOTE
Rare Millets

TRADE TERMS

How we contract.

Standard terms below. Anything here is negotiable against volume and tenure, and everything agreed is confirmed in the sales contract rather than by correspondence.

01

Incoterms

OFFEREDFOB · CFR · CIF
PORT OF LOADINGNAMED AT QUOTATION
INCOTERMS EDITIONICC INCOTERMS 2020

The port of loading is selected on the sourcing region for each lot and is named in the quotation and the sales contract. EXW is not offered. CIF quotations are valid for 7 days from issue given freight volatility.

02

Payment

FIRST ORDERIRREVOCABLE LC AT SIGHT, OR 100% TT ADVANCE
AFTER 3 SHIPMENTSNEGOTIABLE, BY AGREEMENT
LC CONFIRMATIONBUYER ACCOUNT

LC must be workable and opened through a bank acceptable to us. Discrepancy charges are to the buyer account.

03

Quality basis

BASISAS PER APPROVED SAMPLE
MOISTURE TOLERANCE± 0.5 %
FOREIGN MATTER TOLERANCE± 0.05 %
BROKEN TOLERANCE± 0.5 %

The approved sample is sealed and retained in three sets. Where destination limits are stricter than the Indian standard, the destination limit governs. Specification sheets are issued on enquiry. A certificate of analysis is issued per lot and travels with the shipment.

04

Inspection and sampling

OUR TESTINGINDEPENDENT ACCREDITED THIRD-PARTY LABORATORY
BUYER INSPECTIONSGS · BUREAU VERITAS · CONTROL UNION
INSPECTION COSTBUYER ACCOUNT

Where an independent surveyor is appointed, the surveyor certificate is final as to quality at load port.

05

Claims

CLAIMS WINDOW15 DAYS FROM DISCHARGE
SUPPORTING EVIDENCESURVEYOR REPORT AND SEALED SAMPLE
SETTLEMENTAGAINST RETENTION SAMPLE ANALYSIS

Claims raised after the window, or without reference to the sealed retention sample, cannot be assessed.

06

Arbitration

FORUMINDIAN COUNCIL OF ARBITRATION
SEATMUMBAI, INDIA
GOVERNING LAWLAWS OF INDIA

Disputes not settled by negotiation are referred to arbitration under the rules of the Indian Council of Arbitration.

07

Force majeure

NOTICE PERIOD7 DAYS FROM EVENT
SUSPENSIONOBLIGATIONS SUSPENDED FOR DURATION
TERMINATIONEITHER PARTY AFTER 60 DAYS

Covers crop failure, export restriction, port closure and comparable events outside reasonable control.

These terms are indicative and do not constitute an offer. The executed sales contract governs.

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