Terms and Conditions

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1

Price

India: F.O.R by Styrol Inc. Delhi NCR,

Exports: Ex-works

2

Taxes

GST extra payable as applicable at the time of delivery

3

Delivery Terms

Timely delivery is the essence of the purchase order & delivery date as mentioned will be strictly adhered.

4

Packaging & Forwarding

Inclusive

5

Freight & Forwarding

India: Inclusive / Under supplier's Scope (F.O.R)

Abroad: Excluded / Under Styrol Inc.'s scope or client scope

6

Transit Insurance

Under supplier's Scope

7

Invoicing Quantity

Invoicing shall be done as per PO Qty .

8

Dispatch Clearances

Required , supported by Material Dispatch Clearance Certificate . Inspection will be done as per IS-2500, level of inspection will be considered by Styrol Inc. as per material criticality.

9

Warranty

Shall be for the period of 12 Months from the date of supply and 18 months from the date of application, whichever is earlier. 

10

Note

It is mandatory to mention Item codes on all Invoices & packing lists to Styrol Inc.

11

Documents Required

Tax Invoice / Commercial Invoice / Packing List / LR Copy or AIRWAY bill /Weight Slip if applicable /Warranty / Test Certificates to be sent with Material & Buyer's Copy to send to HO as mentioned in Terms & Conditions

12

Early Payment

Styrol Inc. shall be entitled to a discount of 2% (two percent) on the total Invoice amount, if the Invoice is paid to the supplier within 10 days of receipt of correct Invoice by Styrol Inc.(Prompt Payment Discount)

13

Background Verification

The Buyer shall be entitled to terminate with immediate effect, this Purchase Order in the event that the background verification/compliance check conducted by the Buyer, of the Seller/service provider is defective, without any obligations at Buyer's end to make any payments to the Seller related to the work .Provided, the Buyer may waive its right to terminate this Purchase Order, at its sole discretion, in the event that the Seller can establish that