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Domestic Cotton Terms & Condition

Domestic Cotton Terms & Condition

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Published by cottontrade
Domestic Cotton Terms & Condition
Domestic Cotton Terms & Condition

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Published by: cottontrade on Oct 23, 2013
Copyright:Attribution Non-commercial


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Quality Passing Terms
: Subject to Spot or Testing Condition. Passing should bedone by buyers controller within 2 maximum working days. In Testing Conditionbuyer have to give reply within 48 Hours maximum time.
Weight Terms
: Spot Weight will be consider as final. However Ginner will do 2different weighbridge weight and take average weight for final Invoice. Buyerhave to appoint their person to check weight and actual Lot Dispatch. In caseof Mill Weight or Port Weight Final system buyer have to intimate in advancebefore contract.
Payment Terms
: 100% Payment Against Dispatch. We will not dispatch gooduntil proof of payment copy from buyer. If buyer need credit than buyer have togive their full name, contact details for market reference as well as Bank PostDated Cheque or Bank Guarantee or Letter of Credit in Advance for assurance.For Late Payment interest of 15% will be apply.
Cash Discount
: From Passing Date to 15 days buyer can get early paymentcash discount for 15 days @ 15% interest rates as per Ahmedabad Dhara(Gujarat Ginners Association Rules)
Cotton Packaging :
In Full Pressed Bale Packing with Plastic Strapping. Baleweight will be 165 to 170 Kg. which will marked with identification Lot No. & PressNo. We can cover extra with Non Wooven Bale Packing with addition 60 Rs. PerBale Cost on buyers demand. Total 50 Kg. for Packing Material will bedeductable as Tare from Gross Weight of Bales
Delivery :
Buyer have to lift cotton bales within 7 to 8 days. If buyer want to getlate delivery or need warehousing than buyer have to inform in advance. After15 days additional storage charges applicable at actual bases.
Taxes :
5% VAT for Gujarat Sales / 2% CST for Out of Gujarat State Sales(Against C Form) / Zero Tax to Merchant Exporter (Against H Form) Buyer have togive C Form or H Form on Quarterly bases on time. If delayed we may askpenalty for sales tax liabilities by Govt. of India.
Quality / Weight Claim
: For Cotton Quality Variation Buyer have to claim within15 working days otherwise it will treated as No Claim. Supplier can recheck sameLot Quality by their controller and seller have to give settlement for quality claimimmediately within 7 days. For Serious Quality Issues seller have to lift cottonbales from buyer and have to give payment settlements to buyer. As a thirdparty agency we are settling immediate claim for quality issues. For FalsePacking or Wrong Lot Dispatch seller will be penalized legally.
Our Offer is subject to reconfirmation base.

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