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Domestic Cotton Selling Terms & Condition

Domestic Cotton Selling Terms & Condition

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Published by cottontrade
Indian Cotton Market Selling Terms
Indian Cotton Market Selling Terms

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Published by: cottontrade on Jul 04, 2014
Copyright:Traditional Copyright: All rights reserved

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12/06/2014

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DOMESTIC COTTON SALES : TERMS & CONDITION
 
Quality Passing Terms
 : Subject to Spot or Testing Condition. Passing should be done by buyers controller within 2 maximum working days. In Testing Condition buyer have to give reply within 48 Hours maximum time.
 
Weight Terms
 : Spot Weight will be consider as final. However Ginner will do 2 different weighbridge weight and take average weight for final Invoice. Buyer have to appoint their person to check weight and actual Lot Dispatch. In case of Mill Weight or Port Weight Final system buyer have to intimate in advance before contract.
 
Payment Terms
 : 100% Payment Against Dispatch. We will not dispatch good until proof of payment copy from buyer. If buyer need credit than buyer have to give their full name, contact details for market reference as well as Bank Post Dated 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 payment cash discount for 15 days @ 15% interest rates as per Cotton Ginners Association Rules.

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