1. ORDER AUTHORIZATION
The undersigned confirms that he/she is duly authorized to purchase timber on behalf of the “SOLD TO” company and binds the company to this agreement.
2. QUANTITIES, TOLERANCES AND DIMENSIONS
All contracted quantities are subject to ±10% tolerance.
Cutting tolerances are -0/+2 mm for thickness and width.
Nominal lengths of 4.0m and 3.0m shall mean 3.985m and 2.985m respectively unless otherwise agreed in writing.
3. IMPORT COMPLIANCE AND DESTINATION RESPONSIBILITY
Buyer is solely responsible for import compliance, permits, and customs clearance.
Seller shall not be liable for demurrage, detention, storage, port congestion, or related costs beyond 14 combined free days (D+D).
All destination charges including CIS, CIC, THC, cleaning, documentation and local port charges are for Buyer’s account unless explicitly agreed.
4. QUALITY, CLAIMS AND DISPUTES
AST timber must be used in treated size; cutting or resizing voids treatment-related responsibility.
Claims only valid for fully paid goods and must be submitted within 48 hours from container return.
Insect claims must be officially documented by customs seizure; liability limited to fumigation costs at destination.
Quality determined solely by contract grading norms and full-bundle evidence or third-party inspection.
5. FREIGHT ADJUSTMENT
Freight based on current rates. Any carrier-imposed increases, war risk, congestion or emergency surcharges prior to loading are borne by Buyer.
6. TT PAYMENT
Payment due within 7 days of electronic document presentation.
Failure to pay allows Seller to resell cargo and apply deposits toward losses and costs.
7. CAD WITH SECURITY DEPOSIT
Payment due within 5 days of documents arriving at Buyer’s bank.
Failure results in document return and Seller may resell cargo with deposit applied toward losses.
8. LETTER OF CREDIT
LC must be issued within 5 days of order confirmation and pre-approved by Seller.
Non-material discrepancies do not justify refusal.
Contract governs over LC unless LC issued prior to order.
9. BANKING FEES
All bank charges and intermediary deductions are for Buyer’s account.
Maximum accepted deduction per transfer is USD 50.
10. CANCELLATION
Unshipped orders may be cancelled after 5 days written notice for breach.
If Seller cancels without Buyer default, deposits shall be refunded.
11. FORCE MAJEURE AND SURCHARGES
Events including war, sanctions, natural disasters, port closures, or government restrictions suspend obligations.
Any resulting freight increases, war premiums, rerouting costs or surcharges are borne by Buyer.
12. INSURANCE AND RISK
Risk transfers as per agreed Incoterm.
Buyer responsible for insurance unless otherwise agreed.
13. TITLE RETENTION
Ownership remains with Seller until full payment is received regardless of delivery status.
14. LIMITATION OF LIABILITY
Seller’s liability shall not exceed invoice value of goods.
No liability for indirect or consequential damages.
15. GOVERNING LAW
Agreement governed by laws of the United Arab Emirates.
Disputes subject to UAE jurisdiction unless arbitration agreed in writing.
16. ENTIRE AGREEMENT
This document constitutes the entire agreement and supersedes prior communications.
17. SEVERABILITY
Invalid provisions shall not affect remaining clauses.
18. WARRANTY DISCLAIMER
Goods sold as per contract grading with no implied warranties of merchantability or fitness.
19. ANTI-FRAUD AND CUSTOMS DECLARATION
Buyer warrants lawful use of trade licenses and customs filings.
Seller bears no responsibility for misuse of IEC, VAT, or company credentials by third parties.
20. CURRENCY FLUCTUATION
If payment currency depreciates by more than 3% against USD/EUR between contract and payment date, Seller may adjust price accordingly.
21. PRE-LOADING INSPECTION
If Buyer requires inspection at origin, it must be arranged prior to loading at Buyer’s cost.