Terms of Trade

Standard Export Conditions for Global Partners

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These Terms of Trade govern all export transactions between JFT Agro Overseas LLP and our international buyers. By requesting a quote or placing an order, you agree to these conditions.

1. Quotations and Pricing

All price quotes are provided in USD (or EUR/GBP upon request) and are subject to market volatility. Quotes for agro-commodities like Rice and Sugar are typically valid for 48-72 hours due to Mandi price shifts.

2. Payment Terms

Unless otherwise agreed in writing, our standard payment terms are:

30% Advance: Upon confirmation of order via T/T.
70% Balance: Against scanned copy of Bill of Lading (BL).
Letter of Credit (L/C): Irrevocable, Confirmed L/C at Sight from a Top 50 Prime Bank.

3. Shipping and Delivery (Incoterms)

We primarily operate under FOB (Kandla/Mundra/Mumbai) or CIF (Destination Port) terms as per Incoterms 2020. JFT Agro is responsible for Indian customs clearance and documentation for all Star Export House shipments.

4. Quality and Inspections

We guarantee quality as per the agreed specifications. Third-party inspections (SGS, Intertek, or Geo-Chem) are available at the buyer's expense at the port of loading.

5. Force Majeure

JFT Agro shall not be liable for delays or failures in performance resulting from acts beyond our control, including government export bans, port strikes, or natural disasters.

6. Dispute Resolution

Any disputes shall be subject to the jurisdiction of the courts in Mumbai, India, or resolved through international arbitration as agreed in the Sales Contract.