Terms and Conditions for Export Transactions
Company: Hammer Goods Pvt. Ltd
Products: Basmati Rice, Non-Basmati Rice, Fresh Onion, Spices, Pulses, Sugar, Edible Oils, Wheat Flour, Packaging Bags
Market: International Export
1. Payment Terms
- Advance Payment: 50% of the invoice value before production and packaging.
- Balance Payment: Remaining 50% before shipment and loading.
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Alternative - SBLC (Standby Letter of Credit):
- Type: SBLC MT760
- Status: Confirmed & Transferable
- Issuing Bank: Top Prime Bank (e.g., DBS, JP Morgan)
- Bank Charges: Buyer’s Responsibility
2. Order Confirmation
All orders must be confirmed in writing by both parties. A formal Letter of Intent (LOI) or Purchase Order (PO) must be signed by both parties.
3. Quality & Inspection
Products will be packed and shipped per international standards and agreed specifications. Buyers may appoint a third-party inspection agency such as SGS, at their cost, prior to shipment.