Terms of Trade

1. Scope of Engagement

Services may include sourcing, supplier validation, trade documentation support, logistics coordination, and related advisory. The specific scope is defined in the quotation, purchase order, contract, or written confirmation.

2. Quotations & Validity

• Quotations are indicative unless stated as firm.
• Validity windows depend on market volatility, availability, and freight capacity.
• Revisions may occur due to regulatory, supply, or route constraints.

3. Pricing, Duties & Taxes

• Pricing is defined per Incoterms and the referenced delivery point.
• Duties, taxes, and clearance fees are the buyer’s responsibility unless explicitly included.
• Banking fees, third-party inspection, and certification costs may be excluded unless stated.

4. Payment Terms

• Common instruments include TT, LC, and other agreed methods.
• Payment timing, milestones, and documentation requirements are defined per transaction.
• Late payments may pause execution until cleared.

5. Delivery, Incoterms & Risk

Shipment timing is subject to production schedules, port conditions, carrier availability, and customs requirements. Risk transfer follows the agreed Incoterms edition and is confirmed on transaction documents.

6. Compliance & Export Controls

• All parties must comply with applicable sanctions, export controls, and customs regulations.
• We may request end-use, end-user, and destination information for screening.
• We may decline or terminate transactions where compliance cannot be verified.

7. Quality, Inspection & Claims

Inspection methods and acceptance criteria are defined in the commercial documentation. Claims must be raised promptly with supporting evidence and within the agreed claim window.

8. Confidentiality

Commercial and operational information exchanged for a transaction should be treated as confidential. We may share limited data with logistics providers, banks, insurers, or other necessary counterparts to execute the transaction.

9. Liability

Liability terms, limits, and exclusions may be specified per contract. Where third parties are involved (carriers, terminals, banks), their terms and limitations may apply.

10. Updates

These terms may be updated to reflect regulatory and operational changes. For transaction-specific terms, the signed agreement or written confirmation prevails.