Terms & Conditions

1. Payment Terms

• Advance Payment: 50% of the total invoice value shall be paid in advance prior to production, procurement, and packaging of goods.
• Balance Payment: The remaining 50% of the total invoice value shall be paid at the time of loading and before shipment.
• SBLC Option:
  Alternatively, payment can be made via a Standby Letter of Credit (SBLC) under the following conditions:
  • Instrument: SBLC MT760
  • Status: Transferable and Confirmed
  • Issuing Bank: Top Prime Bank (e.g., DBS Bank, JP Morgan)
  • All banking charges to be borne by the Buyer

2. Order Confirmation

All export orders must be formally confirmed in writing by both parties (Hammer Goods Pvt. Ltd and the Buyer).

An official Letter of Intent (LOI) or Purchase Order (PO) must be issued and duly signed.

3. Quality and Inspection

Goods shall be prepared, packed, and shipped in accordance with international quality standards and the agreed-upon product specifications.

The Buyer reserves the right to appoint a third-party inspection agency (e.g., SGS) at their own cost prior to the loading of goods.