Terms and Conditions

These Terms govern all inquiries, quotations, sales contracts, and bulk exports of dried sea cucumber (beche-de-mer) by Globe Multi Traders Pvt Ltd.

Orders & Quotations

• All wholesale pricing quotations are valid for 30 calendar days from the issue date, unless stated otherwise in writing.
• Purchase orders are formally confirmed only after receipt of the required deposit cleared in our bank and a bilaterally signed sales agreement.
• All pricing is quoted in USD (United States Dollars) on a FOB Colombo (Free on Board) basis, unless CIF (Cost, Insurance, and Freight) terms are explicitly requested.

Payment Terms

• Standard milestones: 50% advance deposit to secure crop allocation, with the remaining 50% balance cleared prior to cargo shipping release.
• Any overdue balance payments may incur a monthly interest rate of 1.5%.
• We reserve the right to suspend processing or cancel shipments if the required contract payments are not settled within the agreed timeline.

Quality & Inspection

• All products are graded and certified for moisture, size, and packaging specifications before leaving our Jaffna facilities.
• Buyers may request pre-shipment crop photos or coordinate third-party cargo inspections (e.g., SGS) at their own expense prior to container seals.
• Any claims regarding quality discrepancies must be made in writing within 7 days of cargo arrival at the discharge port, accompanied by official inspection evidence.

Shipping & Risk Transfer

• Under standard FOB terms, risk of product damage or cargo loss passes to the buyer once the goods are successfully loaded across the ship’s rail at the Port of Colombo.
• While we prepare all required export documentation, we are not responsible for customs delays, tariff adjustments, or import duties within the buyer's destination country.

Force Majeure

Globe Multi Traders is not liable for cargo delays or failure to perform under contracts caused by events beyond our reasonable control, including but not limited to extreme marine weather conditions, monsoon delays, port closures or labor strikes, geopolitical restrictions, or changes in international fisheries regulations.

Governing Law

These Terms and Conditions are governed by and construed in accordance with the laws of Sri Lanka. Any legal disputes arising from transactions shall be resolved exclusively within the jurisdiction of the courts of Jaffna.

Contact

For any questions or clarifications regarding these Terms and Conditions: