Terms & Conditions of Sale

1. General

These Terms and Conditions shall govern all quotations, offers, sales, deliveries and services provided by Manar Polymers Pvt. Ltd. (“Seller”) unless otherwise agreed in writing. Acceptance of any quotation, purchase order or delivery shall constitute acceptance of these Terms.

2. Quotations

• Unless otherwise specified, quotations remain valid for 30 days from the date of issue.
• Prices are subject to revision in case of significant changes in raw material costs, exchange rates, statutory levies, freight or other input costs before order confirmation.
• Typographical and clerical errors are subject to correction.

3. Purchase Orders

Orders shall become binding only after written acceptance by Manar Polymers.

Changes, cancellations or modifications requested after acceptance shall be subject to Seller’s approval and any additional costs incurred.

4. Prices

Prices are exclusive of:

• GST and applicable taxes
• Freight
• Insurance
• Packing (unless specifically included)
• Duties and statutory charges

Applicable taxes shall be charged extra.

5. Payment Terms

Payment shall be made strictly as agreed in the Purchase Order or Invoice.

Delayed payments shall attract interest at 18% per annum from the due date until actual realization.

The Seller reserves the right to suspend further deliveries in case of overdue payments.

6. Delivery

Delivery schedules are estimates unless specifically committed.

The Seller shall not be liable for delays caused by:

• Raw material shortages
• Utility interruptions
• Transportation delays
• Government restrictions
• Force Majeure events
• Customer-induced delays

Partial shipments may be made unless otherwise agreed.

7. Transfer of Risk

Risk shall pass to the Buyer upon dispatch of goods from Seller’s premises.

Insurance during transit shall be the responsibility of the Buyer unless otherwise agreed.

8. Inspection and Acceptance

Buyers shall inspect goods within seven (7) days of receipt.

Any shortages, visible damage or manufacturing defects must be notified in writing within seven (7) days.

Failure to notify within this period shall constitute acceptance.

9. Warranty

Seller warrants that products shall conform to mutually agreed specifications.

Warranty does not cover:

• Improper storage
• Improper installation
• Misuse
• Unauthorized modifications
• Exposure beyond design conditions
• Normal wear and tear

Seller’s liability shall be limited to replacement or repair of defective products at Seller’s discretion.

10. Product Development

Samples, prototypes and development parts are supplied for evaluation purposes.

Customers shall independently validate product suitability before commercial use.

11. Tooling, Dies and Moulds

Unless specifically agreed otherwise:

• All tooling manufactured at Seller’s cost remains Seller’s property.
• Customer-funded tooling shall remain Customer property after full payment.
• Seller reserves the right to use such tooling exclusively for Customer orders.

Storage beyond three years without production may attract maintenance or storage charges.

12. Intellectual Property

Drawings, CAD files, designs, compounds, process parameters and technical information exchanged shall remain the property of their respective owners.

Neither party shall disclose confidential information without prior written consent.

13. Limitation of Liability

Seller’s total liability shall never exceed the invoice value of the affected products.

Seller shall not be liable for:

• Production loss
• Business interruption
• Loss of profits
• Recall costs
• Consequential or indirect damage

14. Force Majeure

Seller shall not be liable for failure or delay resulting from events beyond reasonable control including natural disasters, strikes, epidemics, war, governmental actions, transportation disruptions or utility failures.

15. Retention of Title

Ownership of goods shall remain with Seller until full payment has been received.

16. Returns

No goods may be returned without prior written authorization.

Authorized returns shall be subject to inspection before acceptance.

17. Compliance

Buyers shall comply with all applicable laws relating to storage, installation and use of products supplied.

18. Governing Law

These Terms shall be governed by the laws of India.

19. Jurisdiction

Any dispute shall be subject exclusively to the Courts having jurisdiction at Pune, Maharashtra.

20. Entire Agreement

These Terms constitute the complete agreement unless modified by a written agreement signed by both parties.