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Privacy Policy

Trade Terms

To interpret all commercial terms and abbreviations used herein and which have not been otherwise defined, the rules of 'SHIVOM INTERNATIONAL “(Latest Version)” shall be applied.

Payment

Payment Collection of Bills in International Trade- Documents Against Payment D/P, Letter of Credit L/c, Irrevocable Letter of Credit (L/c) Sight AND or Wire Transfer with 30% advance.

Prices

  • Price as agreed between seller and Buyer.

  • 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 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.

Inspection

The materials will be inspected at the load port prior to loading by a Pre-shipment Inspection Agency, mutually acceptable to the Seller and the Buyer.

Risk and Title

 With respect to each shipment, the risk shall pass from the Seller to the Buyer as soon as the materials cross the ship’s rails at the LOAD PORT.

Legal Interpretation

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

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