All export sales and transactions entered into by COREKAV International Trade are subject to the following standard terms and conditions, unless specifically modified by a written contract signed by both parties.
1. Quotations & Contracts
All Proforma Invoices (PI) issued are valid for the period specified within the document (typically 3-7 working days due to commodity price fluctuations). A contract is deemed binding only upon the receipt of the signed PI and/or the advance payment/Letter of Credit establishment.
2. Payment Terms
We operate strictly on secure international payment terms:
- Telegraphic Transfer (T/T): Standard terms include an advance deposit upon order confirmation, with the balance against scanned shipping documents (BL/Packing List).
- Letter of Credit (LC): 100% Irrevocable LC at Sight from a prime bank is accepted for qualified orders above a certain threshold.
3. Incoterms
Unless otherwise agreed, all trade terms (FOB, CIF, CFR, CIP) are interpreted in accordance with the Incoterms® 2020 rules published by the International Chamber of Commerce (ICC).
4. Delivery & Logistics
Shipment dates provided are estimates based on current production and vessel schedules. COREKAV International Trade is not liable for delays caused by Force Majeure events, port congestion, or shipping line rescheduling.
5. Quality & Inspection
Buyers are encouraged to appoint third-party inspection agencies (e.g., SGS, Bureau Veritas) at the time of loading. The findings of such inspections at the load port shall be considered final regarding quality and quantity.
6. Governing Law
These terms shall be governed by and construed in accordance with the laws of India. Any disputes arising out of or in connection with these terms shall be subject to the exclusive jurisdiction of the courts in New Delhi, India.