1. General Terms
These Terms of Trade govern all commercial transactions between Zavora TradeAxis (the "Exporter") and the Buyer. By submitting a Request for Quotation (RFQ) or entering into a purchase agreement, the Buyer agrees to these terms.
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Terms of Trade
Last updated: January 2025
2. Payment Terms
Zavora TradeAxis operates exclusively on the following payment mechanisms:
Letter of Credit (LC)
An irrevocable Letter of Credit issued by the Buyer’s bank in favour of Zavora TradeAxis. LC must be confirmed by an acceptable bank. Payment is triggered upon presentation of compliant shipping documents.
Advance Payment
30–50% advance before production commencement. Remaining balance to be transferred prior to shipment. Wire transfer (TT) via SWIFT banking network only.
Note: No credit terms, deferred payments, or post-delivery payment arrangements are available under any circumstances.
3. Pricing & Quotations
All prices are quoted in USD (US Dollars) on FOB (Free On Board) or CIF (Cost, Insurance, Freight) basis as agreed per order. Prices are valid for 30 days from the date of quotation. Price revisions may occur due to raw material fluctuations, currency movements, or freight rate changes.
4. Quality & Inspection
All goods are inspected against agreed specifications prior to shipment. Buyers may nominate a third-party inspection agency (SGS, Bureau Veritas, Intertek, or equivalent). Inspection costs borne by buyer. Quality acceptance is based on inspection report at the time of dispatch.
5. Delivery & Shipment
Lead times are indicated in product specifications and are estimates from order confirmation. Delivery terms follow Incoterms 2020 standards as agreed per contract. Zavora TradeAxis is not liable for delays caused by force majeure, port congestion, or customs procedures outside our control.
6. Documentation
Standard export documents provided with all shipments:
- Commercial Invoice (notarized where required)
- Packing List
- Certificate of Origin
- Bill of Lading / Airway Bill
- Inspection Certificate (where applicable)
- Phytosanitary / Health Certificate (food products)
7. Disputes & Governing Law
Any disputes arising from trade transactions shall be subject to arbitration under the rules of the Indian Council of Arbitration (ICA). Governing law: The laws of the Republic of India. Jurisdiction: New Delhi, India.
8. Anti-Corruption
Both parties agree to comply with applicable anti-bribery and anti-corruption laws, including the Prevention of Corruption Act (India), the UK Bribery Act, and the US Foreign Corrupt Practices Act (FCPA) where applicable. No facilitation payments shall be made or solicited.
9. Contact for Trade Queries
For any queries related to these terms: info@zavoratradeaxis.com