Colombo FS Group Limited (“We,” “Us,” or “Our”) provides garment sourcing and trading services, facilitating the delivery of goods from manufacturers in Vietnam, Sri Lanka, and other regions to our international clients (“You” or “Your”). These Shipping Terms and Conditions outline the responsibilities, costs, and risks associated with the transportation of goods under our agreements. By engaging our services, You agree to these terms, which are incorporated into all contracts unless otherwise specified in writing. These terms apply primarily to our customers but may reference obligations involving carriers to ensure smooth operations.
All shipments are governed by the International Commercial Terms (Incoterms® 2020) as published by the International Chamber of Commerce (ICC). The specific Incoterm (e.g., FOB, FCA, CIF) will be agreed upon in the sales contract or purchase order. The chosen Incoterm defines the point at which risk of loss or damage transfers from Us to You, as well as the allocation of costs for transportation, insurance, and customs clearance. For example:
FOB (Free On Board): We deliver goods on board the vessel at the named port of shipment (e.g., Hai Phong, Vietnam). You assume all risks and costs thereafter.
FCA (Free Carrier): We deliver goods to a carrier nominated by You at a named place. You bear risks and costs once the carrier takes possession.
CIF (Cost, Insurance, Freight): We cover freight and minimum insurance to the named port of destination. Risk transfers to You once goods are on board the vessel at the port of shipment.
Export Clearance: We handle export documentation, licenses, and inspections required in the country of origin (e.g., Vietnam or Sri Lanka), unless otherwise agreed.
Delivery to Carrier: We ensure goods are delivered to the carrier or named place as per the agreed Incoterm.
Quality Assurance: We coordinate with manufacturers to meet agreed specifications, including certifications (e.g., AZO, Bluesign, Oeko-Tex) as required.
Documentation: We provide necessary shipping documents, such as Bills of Lading, Commercial Invoices, and Certificates of Origin (e.g., CPTPP, Form AI), in a timely manner.
Import Clearance: You are responsible for all import duties, taxes, customs clearance, and related costs at the destination, unless specified otherwise (e.g., under DDP terms).
Carrier Nomination: For FCA or similar terms, You nominate and arrange the carrier or freight forwarder, ensuring they are reliable and compliant with international regulations.
Payment Terms: You adhere to agreed payment terms (e.g., 30% deposit, 70% against B/L), ensuring timely payments to avoid delays or additional costs.
Inspection: You may arrange third-party inspections (e.g., SGS, Intertek) prior to final payment to verify quality, highly recommended for international shipments.
Coordination with Carriers and Customs: You must promptly coordinate with the carrier and customs authorities at the destination port to ensure timely release of goods, providing required documentation or payments to prevent delays or additional charges.
Risk transfers from Us to You as per the agreed Incoterm. For example, under FOB, risk passes when goods are on board the vessel at the port of shipment.
We are not liable for loss, damage, or delays caused by carriers, customs authorities, or third parties after risk has transferred, unless due to Our negligence or breach of contract.
You are encouraged to procure adequate insurance to cover transit risks, especially for high-value shipments or long-distance transport (e.g., Vietnam to the USA).
Costs are allocated per the agreed Incoterm. For example, under CIF, We cover freight and minimum insurance to the named port of destination; You cover unloading and import costs.
You are responsible for additional charges resulting from Your actions or delays, including but not limited to detention, demurrage, trucking overtime, storage, disposal, or return charges. This includes costs incurred if You fail to take delivery, complete customs clearance, or pay required duties, taxes, or charges within 15 days of the goods’ arrival at the destination port, or as specified by the carrier or customs authorities.
To avoid such charges, You must ensure timely communication with the carrier and customs, providing all necessary documentation (e.g., import permits, payment confirmations) as required under the Bill of Lading or local regulations.
We are not liable for costs arising from Your failure to act, including actions taken by carriers or customs authorities post-arrival. You agree to indemnify Us against claims from carriers or third parties due to Your delays or inaction.
All parking, meter suspension, or port charges incurred during loading or delivery are Your responsibility, unless included in Our quotation.
We endeavor to meet agreed shipment dates but are not liable for delays caused by events beyond Our control, including natural disasters, strikes, or customs delays.
We will notify You promptly of anticipated delays. You may cancel the order if delays exceed 10 business days from the agreed shipment date, subject to written notice.
For delays caused by Your actions (e.g., late payment, incomplete documentation, failure to clear customs), You bear any resulting costs, such as storage, demurrage, or re-handling fees.
We do not handle prohibited or restricted items, including hazardous materials, unless agreed in writing and compliant with international regulations.
You must ensure goods comply with destination country regulations (e.g., India’s AZO dye restrictions). Non-compliance may result in shipment rejection, delays, or additional costs.
Our liability is limited to the value of the goods as per the commercial invoice or the extent of Our negligence, whichever is lower.
We are not liable for consequential losses, such as lost profits or business opportunities, arising from shipping issues.
You must report any loss, damage, or discrepancies within 7 days of delivery, providing supporting documentation (e.g., photos, inspection reports).
Any disputes arising from these terms will be resolved through negotiation in good faith. If unresolved, disputes will be subject to the laws of Hong Kong and the exclusive jurisdiction of Hong Kong courts.
You agree to cooperate in resolving claims against carriers or third parties, including providing documentation to address delays or customs issues.
These terms may be updated periodically. The version published on Our website at the time of Your order applies.
Variations to these terms require written agreement signed by an authorized representative of Colombo FS Group Limited.
For inquiries or clarifications regarding shipping, please contact:
Colombo FS Group Limited
Email: info@colombofstrading.com
Website: www.colombofstrading.com
YOUR PARTNER IN GARMENT EXCELLENCE
+84 977 055 948
Unit 2, LG 1, Mirror Tower, 61 Mody Road, Tsim SHA Tsui, Hong Kong
Vung Tau, BR-VT, Viet Nam
Copyright 2024 @ colombofstrading.com. All Rights Reserved. Web site design & developed by www.exclusivewebarts.com
