This document pertains to the trade of Steel TMT Bars on Tradologie.com as per the specifications, Timelines and Terms and Conditions Set Forth.
The buyer shall have the option to request for quotes for the following standard grades of TMT Bars
Quotes and Deliveries of Steel Ingots for any of the above mentioned standardized Grades shall be required to conform to BIS or Equivalent International Standards. For Other Specification, the Sellers shall be Required to Offer Quotes and Delivery Conforming to the Specifications mentioned by the Buyer.
While Raising enquiry, the buyer shall need to provide Diameter wise requirement for TMT bars. The following TMT size specifications shall be available in the drop-down menu
Unless Specified, the sellers shall need to quote rate & deliver material in standard 12 metre length. For orders below 25 MT, rates shall be quoted for material in Bend state and material shall also be mandatorily delivered to the client in bend shape whereas, for orders of 25 MT and above, rates shall be quoted for material to be delivered in straight length on trailers.
TMT bars can be bought in the Multiples of 1 Metric Tonne (MT) from the Tradologie Platform with 20 MT being the Minimum Order Size.
Rates shall be Quoted for 1 MT of Steel TMT Bar inclusive of All Taxes, freight till the delivery location, insurance and all charges pertaining to delivery.
Payment Obligations can be completed by the buyer using 2 Routes for purchases made through Tradologie.com
The Route being preferred by the buyer shall need to be intimated at the time of setting up of Enquiry. In Case of LC route, Buyer shall need to specify Bank opening the LC and upload sample LC format at the time of Setting up enquiry.
Buyer can Specify whether he shall be requiring the complete material together or shall be accepting Partial Shipments. The Buyer shall also be at Liberty to specify his Priority of Material at the Time of Floating of Enquiry.
The Sellers are Bound to adhere to the Delivery Logic Specified by the buyer and the sellers should ensure that the complete material is dispatched before the last date of Dispatch.
The Currency for Trade shall be INR for Domestic Trade in India.
The following table specifies the time slots applicable to various activities performed on the site TRADOLOGIE.COM for the Purchase of TMT Bar. The Time frame till Completion of Buyer Payment obligation through the LC Route is as below:-
|Enquiry Setup||Pay Performance Guarantee Deposit||Buyer||At the Time of Setting up of Enquiry|
|LC||Pay Performance Guarantee Deposit (PGD) +participation fees to participate in the negotiation||Seller||Till one minute prior to completion of the live negotiation session||A seller can make payment of Performance Guarantee even 1 Minute Prior to close of Negotiations|
|LC||Give Counter Offer||Buyer||Within 15 Minutes from the End of the Negotiations||Buyers can provide Counter Offer to Maximum 3 preferred Sellers.|
|LC||Accept/Reject Counter Offer||Seller||Within 15 Minutes of Receiving the Counter Offer||In Case of No Response, the Counter Offer shall be automatically rejected at the end of 15 Minutes.|
|LC||Place order after completing negotiation||Buyer||3 hours||The prices quoted by seller are firm for 3 hours prior to Close of Negotiation Window|
|LC||Accept the order terms||Seller||Within 6 hours of completion of the negotiation||The order shall be deemed to be accepted if the same is not accepted by the seller within the stipulated time. In case of any issue, the seller is to contact firstname.lastname@example.org before the end of the stipulated period.|
|LC||Create the PO after seller accepts order terms.||Buyer||24 hours||In case the PO is not uploaded, the same shall be deemed as default of the buyer.|
|LC||Accept PO & Download Identification Proofs||Seller||3 hours after the buyer uploads the PO.||If the seller does not accept, then the order is automatically accepted at the end of day.|
|LC||Upload LC||Upload LC||Within 3 working days upon the acceptance of the PO by the seller.|
|LC||Accept LC||Seller||Within 3 days after the buyer uploads the LC in favour of the seller.||Seller must get the LC validated and approved by his bank within 2 days.|
|Quality Check||Upload Quality Certificate||Seller||Till 1 day Prior to the last Date of Dispatch|
|Quality Check||Approve Inspection Document||Buyer||Within 6 Hours of Upload|
|Delivery Document||Upload Bill and Proof of Handing over of Delivery||Seller||Till the last Minute of the Last Date of Dispatch||Seller to contact Helpdesk for any issues.|
|Dispatch Document||Approve Dispatch Document||Buyer||Within 10 hours of upload||In case the Buyer does not approve, the same shall be deemed accepted at the end of day.|
1. Tradologie.com shall be Issuing Payment Advice Detailing the amount that needs to be paid by the buyer once the PO is uploaded.
2. Tradologie.com shall be issuing Delivery Order to the seller upon the receipt of payment from the buyer which shall include the amount received from the buyer in ESCROW. Delivery is to be affected to the Buyer only upon the receipt of this confirmation.
Calculation of Performance Guarantee Deposit
Performance Guarantee Deposit is paid by both the buyer and seller for each order.
Performance Guarantee Deposit = Quantity * Reference Price * Category %
Note: The Reference Price for items currently being traded is provided in this document. The reference price for an item can be updated without prior notice.
Note: The Category % is dependent on the category of the item being traded. The Category % can be updated without prior notice.
The commission fees are calculated based on the invoiced value of the order and commission rate applicable as per the seller's membership type:
Commission Fees = Invoiced value of the order * applicable commission rate
|S. No||Product Category||Reference Price||Category %||Base Commission %|
|1||Steel TMT Bars||Rs. 40,000 Per MT||1.0||Rs. 100 PMT|