Welcome to indiancommodity.com On line Trading
Information & Rules. This Information helps keep indiancommodity.com wholly
owned by Moon-Stone InfoTech (hereafter referred Icom) web site a safe place
up to buy and sell. The web site is built on trust, and this Agreement helps promote
that trust among all members of our site. This agreement applies to and governs your use
of any and all Web sties owned or operated by Icom.
THE FOLLOWING DESCRIBES THE TERMS ON WHICH Icom. OFFERS YOU ACCESS TO OUR SERVICES.
ANY BUY OR SELL OFFER YOU TENDER ON THIS SITE, THAT YOU ACCEPT THE TERMS AND
CONDITIONS BELOW of this Site If you have any questions
regarding this Agreement, please contact feedback
We may amend this Agreement at any time by posting the amended terms on our site. The
amended terms are effective 30 days from posting on our site. This Agreement may not be
otherwise amended except in writing signed by both parties.
Eligibility for Membership. Our services are available only to individuals who
can form legally binding contracts under applicable law. Our services are not available to
minors. If you do not qualify, please do not use our services.
Policies: As a user of the site, you agree to support and in all manner within
your control comply with all Website Policies, which are incorporated by reference herein,
including but not limited to Product Policy, Anonymity Policy, Regulatory Policy,
Cancellation Policy, Payment Policy, Sales Tax Policy, Shipping Policy, and User
Privacy Policy. Unless otherwise stated, all buy/sell transactions are quoted in
U.S. Dollars or Indian Rupees(only for Island Transactions). You are responsible for
paying all applicable taxes and other costs you incur to buy/sell, procure a listing from
us or access . We may in our sole discretion add, delete or change some or all of our
services at any time.
The Website is only a venue. Our site acts as the venue for sellers /buyers
through Offers and Requests. We are not involved in the actual transaction between buyers
and sellers. As a result, we have no control over the quality, safety or legality of the
items advertised, the truth or accuracy of the listings, the ability of sellers to sell
items or the ability of buyers to buy items. We cannot and do not control whether or not
sellers will complete the sale of items they offer. We cannot and do not control whether
or not buyers will complete the purchase of items they have offered/requested on. In
addition, note that there are risks of dealing with people acting under false pretense.
Because we do not and cannot control the action of others, in the event that you have a
dispute with one or more users, you release Icom. (and our agents and employees and any
third party partners and/or licensees of Icom.) from claims, demands and damages (actual
and consequential) of every kind and nature, known and unknown, suspected and unsuspected,
disclosed and undisclosed, arising out of or in any way connected with such disputes.
For legal reasons, we cannot nor do we try to control the information provided by
other users which is made available through our system. We expect that you will use
caution -- and common sense -- when using our site.
Offers and Requests. If you offer/requests on an item and the same
is accepted by the seller (or the buyer ), you are obligated to complete the transaction.
After the confirmation of an order has the same effect in law as entering into a firm
purchase order. Confirmed Orders are not retractable except in exceptional
circumstances such as the seller (or buyer) materially changing the description of the
item after confirmed. All offers are based on either.O.B. /F.O.R destination pricing
with or without freight charges depending up on the buyers choice
Listing and Selling. Listings are text descriptions on the Website selected by
you from our product database. If you receive one or more requests at or above your stated
minimum, then you are obligated to complete the transaction. You may not use an alias to
place requests to make your Offer a "hot" offer
Your Information. Your information includes any information you provide to us or
other users during the registration, bidding or listing process. With respect to Your
Information, you agree that: You are solely responsible for Your Information, and, Icom.
acts only as a passive conduit for your online distribution and publication of Your
Information. This responsibility does not includes issuance of all bills of lading
and all documents required by the Authorities.
Your Information and the sale of your item(s) on the Website: (a) shall
not knowingly infringe any third party's Indian copyright Act, patent, trademark, trade
secret or other proprietary rights or rights of publicity or privacy; (b) shall not
violate any law, statute, ordinance or regulation (including without limitation those
governing export control, consumer protection, unfair competition, anti discrimination,
false advertising, transportation of hazardous material, or sale, distribution and use of
pesticides); (c) shall not be defamatory, trade libelous, unlawfully threatening or
unlawfully harassing; (d) shall not contain any viruses, Trojan horses, worms, time bombs,
or other computer programming routines that are intended to damage, detrimentally
interfere with, surreptitiously intercept or expropriate any system, data or personal
information; Furthermore, you may not post on our site or sell through our site any item
that, by paying to us the transaction fee, could cause us to violate any applicable law,
statute, ordinance or regulation.
No Price Manipulation. Sellers may not manipulate the price of their item
System Integrity. You may not use any device, software or routine to interfere or
attempt to interfere with the proper working of the Website. You may not take any action
which imposes an unreasonable or disproportionately large load on our infrastructure. You
may not disclose or share your password to any third parties or use your password for any
unauthorized purpose.
Breach. We may terminate your membership and any of your current
offers/requests immediately if you breach this Agreement or if we are unable to
verify or authenticate any information you provide to us.
Right to Terminate. Icom. reserves the right in its sole discretion to refuse
service to any user at any time. Further, Icom. reserves the right to terminate the
request/offer of any item at any time with no liability to the seller or prospective buyer
of such item.You may terminate this Agreement upon 30 days notice to Icom provided,
however that such termination will not relieve you of any obligations occurring prior to
such termination. Your termination of this agreement terminates our non-exclusive rights
of copyright and publicity
Privacy. Our then-current privacy policies, available below, are incorporated
herein by reference.
Limit of Liability. IN NO EVENT SHALL WE, OUR SUPPLIERS AND ANY THIRD PARTY
PARTNERS AND/OR LICENSEES OF Icom. BE LIABLE FOR LOST PROFITS OR ANY SPECIAL, INCIDENTAL
OR CONSEQUENTIAL DAMAGES (HOWEVER ARISING, INCLUDING NEGLIGENCE) ARISING OUT OF OR IN
CONNECTION WITH THIS AGREEMENT.
With respect to transportation arranged by Carriers or agent, on behalf of sellers,
Icom does not interfere.; But it is between the carrier retained by the seller's s
authorized and qualified to handle the involved commodities at a competitive price and
that shipper information is transmitted to the buyer before and after
the time of shipment.
YOUR LIABILITY, AND THE LIABILITY OF SELLERS ARE BOUND TO PAY A COMMISSION TO THE TUNE OF
0.5% (half percent) COMMISSION PAYABLE BY WAY OF DEMAND DRAFT/TT IN
FAVOUR OF MOON-STONE INFOTECH, HYDERABAD, IMMEDIATELY AFTER YOUR RECEIVE
THE PAYMENT FROM THE BUYER, EITHER BY LETTER BY CREDIT OR DEMAND DRAFT.
General Compliance with Laws. You shall comply with all applicable laws,
statutes, ordinances and regulations regarding your use of our service and your OFFER,
listing, purchase and sale of items. By participating Icom, buyers and sellers
understand that they are creating electronic contracts for the sale and purchase of
products, which immediately satisfies the writing, and signatory requirements as outlined
by the Government of India E-commerce Rules.
No Agency. You and Icom. are independent contractors, and no agency, partnership,
joint venture, employee-employer or franchiser-franchisee relationship is intended or
created by this Agreement.
Notices. Except as explicitly stated otherwise, any notices shall be sent via
E-mail to webmaster@indiancommodity.com
(in the case of Icom.) or to the E-mail address you provide to info@indiancommodity.com .
during the registration process (in your case), or such other address as the party shall
specify.
General. This Agreement shall be governed in all respects by the laws of the
State of Hyderabad, Andhrapradesh, India as such laws are applied to
agreements entered into and to be performed entirely within Andhrapradesh . Both parties
submit to jurisdiction in Hyderabad and further agree that any cause of action arising
under this Agreement shall be brought exclusively in a court in Hyderabad,Andhrapradesh.
We do not guarantee continuous, uninterrupted or secure access to our services, and
operation of our site may be interfered with by numerous factors outside of our control.
If any provision of this Agreement is held to be invalid or unenforceable, such provision
shall be struck and the remaining provisions shall be enforced. Headings are for reference
purposes only and in no way define, limit, construe or describe the scope or extent of
such section. Our failure to act with respect to a breach by you or others does not waive
our right to act with respect to subsequent or similar breaches. This Agreement sets forth
the entire understanding and agreement between us with respect to the subject matter
hereof.
Disclosures.The services hereunder are offered by Moon-Stone InfoTech , located
at Moon Stone Bhavan, 65 GVR Colony, Alwal, Hyderabad- 500 010.
Anonymity Policy :
Indiancommodity.com believes that anonymity is of significant value to our customers
and therefore takes all possible precautions to maintain the anonymity of the buyer with
respect to the seller and vice versa. We expect all users to respect and support this goal
of maintaining users' privacy and anonymity. However, we cannot guarantee that our
precautions will be effective or that such anonymity will not be breached or compromised
in an unauthorized or unanticipated manner. see of our site, or any information gained
from use of our site (such as but not limited to product package or serial numbers of
purchased product) in an attempt to compromise the anonymity of other users is strictly
forbidden. Icom. will pursue legal action against any person or organization we suspect of
violating this policy.
Cancellation Policy : We are sorry, but we cannot accept cancellation of requests or
orders. We also cannot accept cancellation of "For Sale" listings once a
valuable confirmed offer made and accepted by both party. All requests and orders
are final once it is confirmed.
Tax Policy : Sales tax or other tax collection and payment (where applicable) is not
the responsibility of Icom
Supply Policy :Icom. is committed to making the Website a
reliable means of sourcing agricultural commodities. To that end we will make all
reasonable efforts to ensure reliable supply .if a seller fails to meet its obligation in
a given transaction in a timely manner, then at indiancommodity.com sole discretion,
will have the right to seek an alternative supply of the applicable product at any
price and from any location in which it is available, and permit such alternate supplier
to substitute this product and complete the transaction with the applicable buyer. Any
cost difference between the original sales price plus freight and the substituted sales
product price plus freight will be the responsibility of the original seller who failed to
meet its obligation. The foregoing obligation of seller will be in addition to any
other remedies provided by this agreement or available at law.
Product Policy :We strive to bring you the most up-to-date product information
possible. Details on each product, including product descriptions, brand names,
labels, information, from the Indian Markets . However, the information is not
verified or substantiated by Com, , may not be timely and we cannot be held responsible
for any inaccuracies or omissions. Correct documentation, product labels and labeling,
packaging, and transportation information remains the responsibility of the seller.
Product Quality:Products offered through the Website are certified by sellers
to be first quality, new products in original, unopened packaging. Furthermore, Sellers
posting items for sale warrant that the items are properly identified and free from defect
or alteration, recognizing that potential buyers are relying upon information provided by
Seller, and are offered for sale within any labeled shelf life of the product.
Product Labeling:Products must be properly labeled in compliance with all
regulations, including regulations in the destination state. Compliance is the
responsibility of the seller.
Regulatory Policy :Icom, supports the adherence to regulatory and stewardship
responsibilities by sellers .Although Icom, does not take title to any
products sold using the process provided on its Internet site, Icom, recognizes the
importance of managing and archiving all transaction data to facilitate adherence to these
laws. While transactions taking place on the Website are anonymous, all information
collected relating to the sale of products, licensing and registration of sellers and
buyers and customer profiles will be made available to regulatory officials in the event
of an emergency or to meet the requirements of Government of Indian, or State, and
local authorities. Any member using false or inaccurate information to conduct
transactions using the Website's process will therefore be subject to prosecution .
Payment Policy :All buyer payments must be directly
transferred to the seller. This step is taken for the protection of both the seller and
the buyer. The related commission for 2.5% for the fob value(exclusive freight) to
be released to in favour "Moon-Stone InfoTech, payable at Hyderabad
immediately with in 48 hours by the Seller after the payment received. Icom
will confirm the receipt of payment immediately on receipt..
Shipping Policy :The Seller shall try to ship
the commodity items for receipt within stipulated delivery scheduled agreed
up on confirmation while confirming the order, Icom shall try its level best to persuade
the seller to follow the delivery schedule very strictly. To maintain the
lowest-cost-possible benefit of the Website's service, we advise the sellers to ship
via reputed freight partners. These partners are various regional and national
carriers that have been specifically selected for their ability to provide service.
Notwithstanding indiancommodity.com assistance in doing so, Seller shall be responsible
for preparation of a conforming bill of lading shall provide all other shipping documents,
to the buyer directly . Routing instructions, including the identity of the Buyer, shall
be provided to Icom if need.
Privacy : We use your IP address to help diagnose problems with our server,
and administer our Website. Your IP address is used to gather broad demographic
information.. Due to the technology utilized to build this site, the Website cannot
operate without cookies. Our site's registration form requires users to give contact
information (user name, address, telephone number and E-mail address). The user can
correct or update personal information in the Registration Information section of the Member Profile page.We use customer contact information from the
registration form to send the user information about our company and information about
requests/offers. The customer's contact information is also used to contact the customer
when necessary. Icom will not release specific personal information to any third
party other than indiancommodity.com Internet partners. We will only use aggregate data to
understand trends, pricing and other broad demographic information. This site contains
links to other sites.Icom, is not responsible for the privacy practices or the
content of such Websites.
Security : This site has security measures in place to protect the loss,
misuse and alteration of information under our control. Icom is employed where private
information is involved, and further security measures are taken to protect data on
servers.
Opt Out: If you would like to be removed from our database and not
receive future communications or to no longer receive our service, you can send an E-mail
to feedback We are required to maintain information on
past transactions to accommodate inquiries from federal and state regulatory authorities.
If you have any questions about this privacy and security policy, the practices of this
site, or your dealings with this web site, you can contact feedback by E-mail or write to, Icom., Moon
Stone Bhavan, 65 GVR Colony, Hyderabad- 500 010.
MOON-STONE INFOTECH P LTD
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