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PAPER TRADE CUSTOMS OF INDIAN TRADE EFFECTIVE FROM 1992

OTHER TERMS

1. All contracts are deemed to be entered into at the head office/ registered office of the mill concerned. The seller may call

for payment at any of their offices suiting their convenience.

2. Delivery of goods which may arrive at the buyer's station must be taken and buyer must accept railway receipt or lorry

carrier note and/ or mill draft/bill as correct without further proof of correct dispatch.

3. Each delivery under a contract is to be considered a separate contract. The date for payment specified in the terms are

of the essence of the contract, if the buyers fail to pay on the due dates for payment the company will be entitled (a) to

treat such failure as a repudiation, (b) to repudiate further performance of all deliveries to be made under the indent, and

Further, if the buyers fail to pay on the due dates under any indent, the company will be entitled to stop supplies under

other indents and claim damages, including interest at the discretion of the nail.

4. Indent or portion of same, to be considered executed as soon as placed on rail or lorry at mill siding, on steamer and rail

or lorry receipt or shipping documents obtained. The company is not to be held responsible for any delay in transit by

rail, road, or river/sea to buyer's station or port.

5. Qualities to be as near as possible to those of the company's current standards unless otherwise contracted for, or

mandatory under any act of Government of India.

6. Railway receipt or lorry carrier note, bill of lading shall be proof of date of dispatch.

7. Notice from one party of the other shall be deemed to have been duly delivered if left at the other's last known place of

business or if posted in a registered cover addressed to the other at such place.

8. All disputes whatsoever arising on or out of or in connection with or arising in any way with any contracts/indents/order

acceptances for supply of the goods by the seller paper mill to the buyer, shall be referred to a mutually agreed party and

or parties or if not then referred to the Chamber of Commerce for arbitration, where the Mill's administrative or registered

office is located and/or where the seller mill concerned is a member according to its rules for arbitration.

9. All risks and responsibilities of the paper mill shall cease as soon as goods are handed over to the authorized carriers.

10. Buyers shall accept and pay for all goods dispatched against orders.

11. Time of shipment and/or delivery is to be understood relating to manufacturer's railhead or port of shipment and with

reservations against delay of the availability of bookings or scheduled shipping opportunity. Where a date for time of

delivery is qualified by the words about or approximately or some similar expression, it shall mean that the seller mill is

allowed a margin of four weeks either way, anyhow with the reservation against delay of rail booking availability or

scheduled shipping opportunity.

12. Where goods are sold c.i.f. insurance shall cover the amount of invoice only, unless the buyer within reasonable period of

time, before shipment, shall have requested the seller to insure for a large amount, in which case the premium on the

excess value shall be to the account of the buyer.

13. Any duties or other public charges imposed by any country into which goods are imported, shall be borne by the buyer

and any such charges by the exporting country shall also be to the account of the buyer.

14. Legal prohibitions subsequent to the conclusion of the contract affecting the import of goods into the importing country

shall entitle the buyer to cancel the order, except as to goods which are due for delivery not more than two months from

the said event and which are already in the course of manufacture or shipment/transit.

15. Mills should insure goods for transit risk and recover the premium from customers, unless otherwise agreed.

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