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Official Trade & Payment Policy


At NFORT Industries, we uphold the highest standards of commercial transparency. This comprehensive policy outlines the rigorous terms governing our B2B transactions, wholesale operations, and international trade relations.

Trade Agreement Handshake

1. Scope and Applicability

This Trade and Payment Terms Policy ("Policy") is a legally binding agreement between NFORT INDUSTRIES (OPC) PRIVATE LIMITED ("the Company"), incorporated under the laws of India, and any business entity or individual ("the Client") purchasing goods in wholesale or bulk quantities. By issuing a Purchase Order (PO) or remitting any payment, the Client accepts these terms in their entirety.

2. Payment Architecture

Strict adherence to financial timelines is mandatory for production scheduling.

2.1 Advance Remittance

A non-refundable 50% advance of the total Proforma Invoice (PI) value is required to formalize the order. Production slots are only confirmed upon the actual credit of funds in our bank account.

2.2 Balance Settlement

The remaining 50% balance payment plus applicable taxes and shipping charges must be cleared prior to dispatch. No goods will exit the facility without 100% financial clearance.

3. Transaction Logistics

Methods and validation procedures for secure global transfers.

3.1 Authorized Channels

Payments must be made via SWIFT/Wire Transfer for international orders or NEFT/RTGS for domestic orders. We do not accept cash payments for wholesale transactions.

3.2 Bank Charges

The Client is responsible for all intermediary and beneficiary bank charges. The net amount received in our account must exactly match the invoiced amount.

4. Commercial Incoterms & Risk

Standard quotations are provided on an Ex-Works (EXW, New Delhi) or FOB (Indian Port) basis. Under these terms:

  • Risk of loss or damage passes to the Client upon delivery to the carrier.
  • The Client is responsible for securing Marine Insurance for transit.
  • Freight charges are billed separately based on actual weight/volume.
Two businessmen discussing contract

5. Operational Clauses & Penalties

The estimated Lead Time (typically 21-45 days for manufacturing) begins only on the date the confirmed advance payment is reflected in our ledger. Delays in remittance will result in a day-for-day delay in delivery.
Invoices remaining unpaid for 14 days post-readiness notification will incur a 2% monthly storage fee. Goods not cleared within 45 days will be deemed abandoned; the advance will be forfeited, and the Company reserves the right to liquidate the stock.
Neither party shall be liable for delays or failures in performance resulting from acts beyond their reasonable control, including but not limited to strikes, lockdowns, pandemics, or government-imposed trade restrictions.

6. Taxation & Duties

Domestic (India): GST is levied at 5%, 12%, or 18% based on HSN classification.

International: Prices are exclusive of Import Duties, VAT, and Terminal Handling Charges in the destination country.

Currency: International invoices are issued in USD, GBP, or EUR at the prevailing market exchange rate.

7. Legal Jurisdiction & Governing Law

This trade relationship is governed exclusively by the laws of the **Republic of India**. Any dispute, controversy, or claim arising out of or relating to this policy, including the validity, invalidity, breach, or termination thereof, shall be settled by arbitration in accordance with the Indian Arbitration and Conciliation Act, 1996. The seat of arbitration shall be **New Delhi, India**.

Version: 2.1 (Effective September 2026)

Compliance and Trade Inquiries

For large-scale contract manufacturing or government supply tenders, please contact our legal and trade desk for a bespoke agreement.

Contact Trade Desk