Terms of Trade (Sales Contract Conditions)

1. Scope

These Terms of Trade govern all quotations, sales, and supply of goods by CoreVia Global Trading WLL (“Seller”) to any buyer (“Buyer”), unless otherwise expressly agreed in writing.

2. Quotations & Orders

• All quotations issued by the Seller are non-binding unless confirmed in writing.
• Prices are subject to change based on market conditions, availability, and logistics costs.
• Orders shall be deemed confirmed only upon written acceptance by the Seller.

3. Pricing

• Prices are quoted based on agreed Incoterms (FOB / CIF / CFR / EXW, etc.).
• All prices exclude duties, taxes, customs charges, and import-related costs unless otherwise specified.
• Currency shall be stated in the quotation or invoice (USD or as otherwise agreed).

4. Payment Terms

Payment terms shall be specified in the Proforma Invoice.

Accepted payment methods include:

• Advance Payment (TT)
• Letter of Credit (LC)
• Other mutually agreed methods

Production and shipment shall commence only upon receipt of payment confirmation or issuance of a valid Letter of Credit.

5. Delivery & Shipment

• Delivery timelines are indicative and subject to production schedules and logistics conditions.
• Shipment shall be executed through agreed ports and logistics channels.
• Risk shall transfer in accordance with the agreed Incoterms.

6. Inspection & Acceptance

• Buyer may request pre-shipment inspection, subject to prior agreement.
• Once goods are shipped, they shall be deemed accepted unless a valid written claim is submitted in accordance with Clause 11.

7. Quality & Specifications

• Products shall conform to agreed specifications as outlined in the quotation or contract.
• Variations within acceptable international industry tolerances may occur, particularly for agricultural and natural products.
• Natural products may vary in color, size, texture, or appearance.

8. Packaging & Labeling

• Packaging shall comply with standard export requirements unless otherwise agreed.
• Any private labeling or branding requirements must be confirmed in writing prior to production.

9. Documentation

The Seller shall provide standard export documentation, including:

• Commercial Invoice
• Packing List
• Certificate of Origin
• Phytosanitary / Health Certificates (if applicable)
• Any other documents as mutually agreed

10. Force Majeure

The Seller shall not be liable for any delay or failure in performance due to events beyond its reasonable control, including but not limited to:

• Natural disasters
• Government actions or restrictions
• Port congestion or logistics disruptions
• War, strikes, or pandemics

11. Claims & Complaints

• All claims must be submitted in writing within fourteen (14) days from the date of delivery unless otherwise agreed.
• Claims must include valid supporting evidence (photos, inspection reports, and relevant documents).
• Resolution may include replacement, credit note, or other mutually agreed corrective action.

12. Limitation of Liability

• The Seller acts strictly as a trading and sourcing company and does not assume liability as a manufacturer.
• The Seller’s liability shall be limited solely to the value of the goods supplied.
• The Seller shall not be liable for any indirect, incidental, or consequential losses.

13. Compliance

• All transactions are subject to applicable international trade laws and regulations.
• The Buyer is solely responsible for ensuring that goods comply with all import laws, certifications, and standards in the destination country.

14. Confidentiality

All commercial information, including pricing, agreements, and business communications, shall be treated as confidential and shall not be disclosed without prior written consent of the Seller.

15. Title & Ownership

Ownership of goods shall remain with the Seller until full payment has been received.

16. Partial Shipment

The Seller reserves the right to execute partial shipments unless otherwise agreed in writing.

17. Governing Law & Jurisdiction

These Terms shall be governed by the laws of the Kingdom of Bahrain. Any disputes shall be resolved through:

• Mutual negotiation, or
• Arbitration or competent courts in Bahrain, unless otherwise agreed

18. Amendments

• The Seller reserves the right to update or modify these Terms at any time.
• The latest version issued by the Seller shall apply unless otherwise expressly agreed in writing.