Commercial Terms
01. Quotation & Pricing Validity
Pro-forma quotations issued by our Colombo trade desk remain valid for 7 calendar days unless specified otherwise in a forward supply contract. Pricing reflects weekly Colombo Tea Auction realizations, spice harvest yields, and prevailing ocean freight bunker surcharges.
02. Shipment, Incoterms & Risk Transfer
All maritime and air consignments are executed under Incoterms® 2020—principally FOB Port of Colombo (LK CMB), CFR, or CIF named destination port as specified in the signed Pro-Forma Invoice.
Every export consignment is accompanied by Original Bill of Lading (or Telex Release), Commercial Invoice, Packing List, Certificate of Origin, Phytosanitary Certificate, and batch Certificate of Analysis (COA).
03. Payment Structures & Governing Law
Accepted trade settlement instruments include Irrevocable Letter of Credit (L/C at sight) via prime international banks, Cash Against Documents (CAD), and structured Telegraphic Transfer (T/T). Commercial agreements are governed by the laws of Sri Lanka and International Chamber of Commerce (ICC) arbitration rules.
Importing entities must maintain valid destination food import registrations (such as EU EORI/TRACES, US FDA Prior Notice/FSVP, or GCC Municipality permits). Our Market Support Desk assists with pre-shipment compliance verification.