Export terms

Export Terms & Payment Conditions

At Meenysa Neil International Export Private Limited, we ensure a smooth and transparent trade experience for our buyers worldwide. Below are our standard export terms and payment conditions:

1. Export Terms (Incoterms 2020)

We offer the following shipping terms based on buyer preferences and logistical feasibility:

FOB (Free on Board): We deliver goods to the designated port, and the buyer takes responsibility for freight and insurance.

CIF (Cost, Insurance, and Freight): We arrange shipping to the buyer’s port, including insurance, ensuring secure delivery.

CFR (Cost and Freight): We manage shipping costs to the buyer’s port, while the buyer handles insurance and customs clearance.

(If you have a preferred term, we can discuss customized arrangements.)

2. Payment Terms

To maintain trust and efficiency in transactions, we accept the following payment methods:

Advance Payment: 30% to 50% advance telegraphic transfer (t/t) upon order confirmation, and the balance before shipment or documents against payments.

Letter of Credit (L/C): confirmed & Irrevocable L/C at sight from an any american  reputed bank.

Telegraphic Transfer (T/T): 50% advance and the remaining 50% against Bill of Lading (B/L).

Other Terms: Negotiable based on order volume and buyer credibility.

3. Order Confirmation & Documentation Process

Once we receive an order via email, Letter of Intent (LOI), or any other formal request, we will issue a Proforma Invoice (PI) for buyer’s confirmation.

The buyer must confirm the Proforma Invoice and provide a No Objection Certificate (NOC) on their company letterhead.

The NOC format will be shared by us via email, and the buyer must return it duly signed, stamped, and sealed for further processing.

4. Indian Agent of buyer & Shipping Details

The buyer must provide complete details of their Indian agent along with the order.

This information will help us coordinate the shipment with the designated shipping company to ensure timely and efficient delivery.

Any delay in providing these details may impact the shipment schedule, for which we will not be responsible.

5. Order Processing & NOC Requirement

The buyer must provide the No Objection Certificate (NOC) on their letterhead (as per the format provided by us) with a seal, signature, and stamp after confirming the Proforma Invoice.

If the buyer fails to provide the NOC or delays in submission, the order will be put on hold and will not be processed until the required document is received.

Any delay in submission of the NOC may affect the shipment schedule, for which we will not be responsible.

For inquiries or customized export solutions, feel free to contact us at sabharwal.sachin34@gmail.com .