Terms & Conditions :
* To interpret all commercial terms and abbreviations used herein and which have not
been otherwise defined, the rules of 'INCOTERMS “(Latest Version )”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.