1. Introduction Welcome to Coral Exports. By engaging in business with us, you agree to adhere to the following Terms and Conditions.
2. Definitions Company: Refers to Coral Exports. Client: Any individual or entity entering into a contract with the Company for the purchase of goods. Goods: Products offered for export by the Company.
3. Contract Formation A contract is established upon the Client's acceptance of the Company's quotation and the Company's confirmation of the order. All orders are subject to these Terms and Conditions.
4. Product Specifications The Company ensures that all goods meet the agreed-upon specifications as detailed in the contract. Any changes must be mutually agreed upon in writing.
5. Pricing and Payment Pricing: Prices are quoted in USD (or specified currency) and are subject to change until the order is confirmed. Payment Terms: Payments should be made via wire transfer or as agreed upon, within [X] days of invoice issuance. Late Payments: Late payments may incur interest charges as per the prevailing rates.
6. Delivery and Shipping Incoterms: All deliveries are executed under [specified Incoterm, e.g., FOB, CIF] as per the latest Incoterms rules. Shipping Schedule: Estimated delivery dates are provided upon order confirmation. The Company is not liable for delays beyond its control. Risk Transfer: Risk transfers to the Client once the goods pass the ship's rail at the port of shipment.
7. Inspection and Acceptance The Client must inspect the goods upon arrival and notify the Company of any discrepancies or defects within [X] days. Failure to do so constitutes acceptance of the goods.
8. Warranties and Liabilities Warranties: The Company warrants that the goods conform to the agreed specifications. Liabilities: The Company's liability is limited to the replacement of defective goods or a refund of the purchase price.
9. Force Majeure The Company is not liable for failure to fulfill obligations due to events beyond its control, such as natural disasters, wars, or governmental actions.
10. Governing Law and Dispute Resolution These Terms and Conditions are governed by the laws of India. Any disputes arising shall be resolved through arbitration in [City], India, in accordance with the [specified arbitration rules].
11. Compliance with Laws Both parties agree to comply with all applicable laws and regulations, including the Foreign Exchange Management Act (FEMA) and export control regulations.
12. Confidentiality All information exchanged between the parties shall be treated as confidential and not disclosed to third parties without prior consent.
13. Amendments The Company reserves the right to amend these Terms and Conditions. Clients will be notified of any changes prior to their implementation.
14. Contact Information For any queries or concerns, please contact us at: Coral Exports [Address] [Phone Number] [Email Address] By engaging with Coral Exports, you acknowledge and agree to these Terms and Conditions. This template is for informational purposes only and does not constitute legal advice. Consult with a legal professional to tailor the Terms and Conditions to your specific business needs and to ensure compliance with all applicable laws and regulations.
