UBN Corporation conducts international trade operations in accordance with recognized industry standards and established commodity trading practices.
Quality & Weight
Quality and weight are final at loading, based on certificates issued by a GAFTA/FOSFA registered surveyor at Seller’s cost and choice.
Quantity Tolerance
Unless otherwise agreed, a quantity tolerance of ±10% applies at Seller’s option.
Inspection
Buyer may appoint a GAFTA/FOSFA registered surveyor for joint inspection at Buyer’s own cost.
Payment Terms
Payment terms are mutually agreed between Seller and Buyer depending on the transaction structure, destination and logistics arrangements.
Standard Shipping Documents
Standard shipping documentation may include:
- Commercial Invoice
- Bills of Lading
- Weight and Quality Certificates
- Certificate of Origin or EUR.1
- Phytosanitary Certificate
- Other mutually agreed documents
Trade Standards & Arbitration
Transactions are generally performed under the applicable GAFTA/FOSFA contract terms unless otherwise agreed in the sale contract.
Arbitration is conducted in accordance with GAFTA/FOSFA arbitration rules under English Law.
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