The standard terms and conditions governing all export transactions with MRIDA International Trading.
These Terms of Trade ("Terms") apply to all export transactions, sales contracts, quotations, and purchase orders concluded between MRIDA International Trading ("MRIDA", "Seller", "we") and the buyer, importer, or trade partner ("Buyer", "you").
By submitting a trade inquiry, accepting a quotation, issuing a purchase order, or entering into a sales contract with MRIDA, the Buyer agrees to be bound by these Terms. These Terms prevail over any conflicting terms in the Buyer's purchase order or correspondence unless expressly agreed otherwise in writing signed by an authorised MRIDA representative.
These Terms are for B2B export transactions only. MRIDA does not sell directly to consumers or retail end-users.
All quotations issued by MRIDA are valid for the period stated on the quotation document. If no validity period is stated, quotations are valid for 7 calendar days from the date of issue. Commodity prices are subject to market fluctuations; MRIDA reserves the right to revise a quotation in the event of a significant market movement before Order confirmation.
An Order is binding only upon MRIDA's written confirmation (Sales Order Confirmation / Pro Forma Invoice). Purchase orders issued by the Buyer are subject to MRIDA's acceptance. Verbal agreements are not binding.
MRIDA operates primarily as a bulk exporter. Minimum order quantities (MOQ) vary by product and are specified in the quotation. Orders below MOQ may be accepted at MRIDA's sole discretion and may attract an additional handling charge.
All Orders are subject to availability. In the event a confirmed product is unavailable due to crop failure, regulatory restriction, or other factors, MRIDA will promptly notify the Buyer and offer an equivalent substitute or a full refund of any advance paid.
All Goods are supplied in accordance with the product specification sheet provided with the quotation. Specifications include grade, moisture content, admixture tolerance, colour, and other relevant parameters. Minor variations within internationally accepted tolerances are permissible and do not constitute a breach of contract.
MRIDA supplies Goods certified under applicable standards including:
Buyers requiring additional certifications (organic, non-GMO, kosher, etc.) must specify this at the time of inquiry. Additional certification costs, if any, will be disclosed in the quotation.
Agri-commodities are natural products. Colour, shape, size, aroma, and other sensory attributes may vary between harvests, seasons, and producing regions. Such natural variations, where within specification tolerance, do not entitle the Buyer to reject Goods or claim compensation.
Unless otherwise specified, Goods are packed as per MRIDA's standard export specifications (e.g., 5 kg, 10 kg, 25 kg, 50 kg PP/HDPE woven bags for bulk grains and pulses; retail packs for branded commodities).
Custom packaging, private labelling, or retailer-specific packaging (including design, language, barcode, and shelf-life display requirements) may be arranged subject to minimum order quantities, lead times, and additional charges. All label artwork must be approved by MRIDA prior to production. MRIDA is not responsible for labelling errors in artwork supplied by the Buyer.
It is the Buyer's sole responsibility to ensure that packaging and labelling comply with the import regulations, food labelling laws, and language requirements of the destination country. MRIDA will provide standard Indian export compliant packaging. Buyers must inform MRIDA of any specific import market requirements in advance.
All prices are quoted in US Dollars (USD) unless otherwise agreed in writing. Prices are per metric tonne (MT) or per kilogram (kg) as stated and are exclusive of any taxes, duties, levies, or import charges applicable in the Buyer's country.
Quoted prices are based on the Incoterms specified in the quotation (e.g., FOB Indian port, CIF destination port). Any change in Incoterms, loading port, or destination port requested after quotation will require a revised quotation.
MRIDA reserves the right to revise prices for Orders not yet confirmed if there is a material change in commodity market rates, freight rates, or government levies.
MRIDA accepts the following payment methods for export transactions:
For new buyers or orders below the LC threshold, MRIDA may require an advance payment of 30–50% of the order value before production or procurement commences. The balance is payable before shipment or against presentation of shipping documents, as agreed.
Overdue amounts attract interest at the rate of 2% per month (or the maximum rate permissible by law, whichever is lower) from the due date until full payment. MRIDA reserves the right to withhold shipment, suspend future orders, and recover reasonable debt collection costs from a defaulting Buyer.
Each party bears their own bank charges. LC advising and confirmation charges at the Buyer's bank are for the Buyer's account. LC negotiation charges at MRIDA's bank are for MRIDA's account.
Unless otherwise agreed, MRIDA quotes in USD. Exchange rate fluctuations between the Buyer's local currency and USD are the Buyer's responsibility.
Unless otherwise specified, shipments are made on FOB (Free On Board) Indian port terms per Incoterms 2020. Other Incoterms (CIF, CFR, CIP, DAP) may be agreed in writing and will be reflected in the quotation and Pro Forma Invoice.
MRIDA ships from major Indian ports including Mundra (Gujarat), JNPT/Nhava Sheva (Mumbai), Pipavav, Krishnapatnam, Chennai, Cochin, Kolkata, and Hazira, and via air from major Indian international airports. The loading port is specified in the quotation.
Standard lead times from Order confirmation to shipment are:
These are indicative timelines. MRIDA will not be liable for delays caused by force majeure, port congestion, freight booking delays, or factors outside MRIDA's reasonable control.
MRIDA reserves the right to make part shipments or transhipments unless expressly prohibited by the Buyer's LC or written agreement.
Under FOB terms, risk passes to the Buyer once the Goods cross the ship's rail at the Port of Loading. Under other Incoterms, risk passes as defined in Incoterms 2020.
Title (ownership) to the Goods passes to the Buyer upon full receipt of payment. Until payment is received in full, the Goods remain the property of MRIDA, and the Buyer holds them in a fiduciary capacity.
The Buyer is responsible for obtaining appropriate cargo insurance (marine insurance) from the point of risk transfer. MRIDA can assist with arranging insurance at competitive rates (CIF terms) if requested.
MRIDA provides standard export documentation including, as applicable:
Buyers must advise MRIDA at the time of Order confirmation of any specific documentation requirements for import clearance in their country. Costs for additional certifications not standard to the shipment will be charged to the Buyer.
MRIDA conducts internal quality inspection and laboratory testing before shipment. Test reports are provided with each shipment. Buyers may request third-party pre-shipment inspection (e.g., SGS, Bureau Veritas, Intertek) at their own cost. MRIDA will facilitate reasonable access for such inspection.
The Buyer must inspect the Goods at the Port of Destination promptly upon arrival. Failure to inspect within a reasonable time (not exceeding 21 days of arrival at destination port) constitutes acceptance of the Goods.
The weight determined at the Port of Loading shall be conclusive, except where the Buyer has nominated an independent weight-surveyor at the Port of Loading at their own cost.
MRIDA warrants that the Goods supplied shall conform to the agreed specification at the time of loading. MRIDA does not provide warranties beyond the specification sheet and applicable certification standards.
All claims (quality, quantity, or documentation) must be submitted to MRIDA in writing within 14 calendar days of the Goods' arrival at the Port of Destination, supported by:
Claims not filed within this period, or not supported by the required documentation, will not be entertained.
Upon receipt of a valid claim, MRIDA will investigate and respond within 14 business days. Remedies may include partial or full credit note, replacement Goods in the next shipment, or price adjustment, at MRIDA's discretion. MRIDA's maximum liability for any valid claim is limited to the invoice value of the shipment to which the claim relates.
To the maximum extent permitted by applicable law:
Orders confirmed by MRIDA may be amended or cancelled only with MRIDA's prior written consent. The following cancellation charges apply:
MRIDA reserves the right to cancel or suspend an Order if the Buyer fails to open an LC by the agreed date, fails to make advance payment, or breaches any material term of these Terms.
Neither party shall be in breach of these Terms or liable for delay or failure to perform obligations where such delay or failure results from events beyond the reasonable control of the affected party ("Force Majeure Events"), including but not limited to:
The affected party must notify the other in writing within 7 days of the Force Majeure Event arising. If a Force Majeure Event continues for more than 60 days, either party may terminate the affected Order by written notice without liability, other than for Goods already shipped or payment already made.
The Buyer represents and warrants that:
MRIDA complies with all applicable Indian export laws, DGFT (Directorate General of Foreign Trade) regulations, RBI (Reserve Bank of India) foreign exchange management rules, and GST provisions. All exports are conducted under valid APEDA registration and relevant phytosanitary authorisations.
Each party agrees to keep confidential all non-public pricing, specifications, sourcing information, and business terms shared by the other party in the course of their business relationship, and not to disclose such information to third parties without the other's written consent, except as required by law or regulation. This obligation survives termination of the trading relationship for a period of 3 years.
These Terms and all transactions arising from them are governed by and construed in accordance with the laws of India, including the Indian Contract Act 1872, the Sale of Goods Act 1930, and the Foreign Exchange Management Act 1999, without regard to conflict-of-laws principles.
In the event of any dispute, controversy, or claim arising out of or relating to these Terms or any transaction, the parties will first attempt to resolve it amicably through good-faith negotiations within 30 days of written notice of the dispute.
If the dispute cannot be resolved amicably, it will be referred to and finally resolved by arbitration in accordance with the Arbitration and Conciliation Act, 1996 of India, by a sole arbitrator mutually appointed. The seat and venue of arbitration shall be Hyderabad, Telangana, India. The language of arbitration shall be English. The award shall be final and binding.
Without prejudice to the arbitration clause above, for any matters requiring court intervention (e.g., injunctive relief), the courts of Hyderabad, Telangana shall have exclusive jurisdiction.
For any questions regarding these Terms of Trade, trade inquiries, or general business matters: