1. Company Overview

Rashaniya Overseas Company is an India-based export-oriented business engaged in manufacturing and trading goods across international markets including the United Kingdom, United States, European Union countries, and the rest of the world. The company is committed to ensuring quality, timely delivery, compliance with international standards, and ethical trade practices.

2. Export Policy Objectives

– To ensure smooth, transparent, and lawful export operations.

– To comply with all applicable regulations of the Government of India and importing countries.

– To develop sustainable and long-term trade relations with international buyers.

3. Export Terms & Conditions

3.1 Purchase Terms & Conditions

• All purchase orders must be placed in writing (email or signed contract).
  • Minimum order quantity (MOQ) will be specified per product type and shall be non-negotiable unless otherwise agreed in writing.
  • Order confirmation is subject to availability of goods and receipt of agreed advance payment or documentary credit.
  • Once confirmed, orders cannot be cancelled without mutual consent and possible cancellation charges.
  • Quality assurance and inspection reports will be provided as required or mutually agreed.

3.2 Payment Terms

Rashaniya Overseas accepts the following internationally accepted payment methods:

• Advance Payment:
  50–100% advance depending on the order value, buyer history, and mutual terms. Goods will be shipped after payment is received.

• Document Against Payment (D/P):
  Documents will be released through the bank upon full payment. Only applicable to pre-approved buyers.

• Letter of Credit (L/C at Sight):
  Accepted from reputed international banks. All terms and conditions must be in accordance with UCP 600 (Uniform Customs and Practice for Documentary Credits). Goods will be dispatched after confirmation and receipt of L/C.

• Bank Transfers (TT):
  Direct telegraphic transfer payments can be arranged for repeat buyers and under specific agreements.

• Currency:
  Payments are accepted in USD, GBP, EUR, or INR (for Indian customers) unless otherwise agreed.

• All banking charges outside India to be borne by the buyer.

4. Export Incoterms

Rashaniya Overseas offers flexibility in Incoterms depending on the nature of the order and buyer’s preference. Standard terms include:

• EXW (Ex-Works): Goods are made available at our premises. Buyer bears full transportation cost and risk from that point.
• FOB (Free On Board) – Indian Port: Rashaniya covers costs and risks until goods are loaded on the ship.
• CFR (Cost and Freight): Includes cost and freight to the port of destination. Insurance is buyer’s responsibility.
• CIF (Cost, Insurance & Freight): Includes cost, insurance, and freight up to the buyer’s port.

Note: Final Incoterms will be clearly mentioned in each contract or proforma invoice.

5. Shipping and Documentation

• Standard delivery timeline: 15–45 days from order confirmation and payment receipt.
  • All shipments are subject to Indian export regulations.
  • Documentation includes:
  – Commercial Invoice
  – Packing List
    – Certificate of Origin (if required)
    – Bill of Lading / Air Waybill
    – Insurance Certificate (for CIF/ DDP shipments)
    – Other documents as per buyer country requirements