Skip to Content

STANDARD TERMS AND CONDITIONS OF TRADE SALE

These Standard Terms and Conditions of Trade Sale (“Terms”) govern all commercial transactions, services, and contractual engagements undertaken by Ntantas-International Trade and Supplies (Ntantas-ITS), a member of the Ntantas Group of Companies operating across the United Kingdom, Europe, North America, and Africa. These Terms reflect current international trade practices, procurement standards, and B2B eCommerce expectations for corporate buyers, government institutions, and commercial partners.

1. Scope and Applicability

These Terms apply to all quotations, sales, contracts, sourcing engagements, supply agreements, and services provided by Ntantas-ITS, including but not limited to contract supply, product sourcing, customized manufacturing, logistics coordination, and consultancy services.

By engaging with Ntantas-ITS, the client expressly agrees to these Terms and waives the application of any conflicting or additional terms and conditions, unless explicitly accepted in writing by an authorized representative of Ntantas-ITS. No variation or amendment shall be binding unless agreed in advance and documented formally.

Ntantas-ITS operates as a contractor, intermediary trader, sourcing manager, and B2B consultant, and therefore may engage third-party manufacturers, suppliers, and logistics providers as part of its service delivery model.

2. Quotations, Orders, and Contract Formation

All quotations issued by Ntantas-ITS are non-binding and subject to change based on market conditions, supplier availability, currency fluctuations, and logistics considerations. A binding agreement is formed only upon written confirmation of an order or issuance of a formal contract or proforma invoice.

Clients engaging in contract supply, tender-based procurement, or customized manufacturing projects must ensure that all technical specifications, compliance requirements, and delivery expectations are clearly defined prior to order confirmation. Any subsequent modifications may result in cost adjustments and revised delivery timelines.

3. Pricing, Payment Terms, and Financial Conditions

Unless otherwise agreed in writing, all invoices issued by Ntantas-ITS are payable within 14 working days from the invoice date. Alternative payment structures, including milestone payments, advance deposits, or letters of credit, may apply depending on the nature of the contract, particularly for large-scale supply or manufacturing agreements.

In the event of late payment:

  • Interest may be applied at a rate of 10% per annum on overdue amounts
  • Ntantas-ITS reserves the right to suspend ongoing services, production, or deliveries without prior notice
  • All outstanding balances beyond 60 days may be referred to a debt recovery agency, with all associated legal and administrative costs borne by the client

For international transactions, clients are responsible for all applicable taxes, duties, and withholding obligations in their respective jurisdictions. Payments must be made in full without deduction, and Ntantas-ITS shall not be liable for any local regulatory or tax-related costs imposed on the client.

4. Contract Supply, Sourcing, and Manufacturing Services

Ntantas-ITS specializes in contract-based supply and strategic sourcing, supporting government tenders, corporate procurement programs, and institutional supply chains. As part of this model:

  • Ntantas-ITS may act as a principal contractor or intermediary, coordinating supply through a global network of vetted manufacturers and suppliers
  • For custom manufacturing (OEM/ODM/private label), production is executed based on client-approved specifications, and variations may occur within industry-accepted tolerances
  • Lead times are estimates and subject to raw material availability, factory capacity, and global logistics conditions
  • Clients are responsible for ensuring that all product specifications comply with applicable regulatory standards in the destination market

Ntantas-ITS maintains a commitment to ethical sourcing, supplier due diligence, and quality assurance aligned with international trade compliance standards.

5. Logistics, Delivery, and Risk Transfer

Delivery terms (Incoterms®) will be clearly specified in each transaction and govern the transfer of risk, responsibility, and cost between parties.

Ntantas-ITS provides integrated logistics solutions, including freight coordination, warehousing, and last-mile delivery. However:

  • Delivery timelines are indicative and may be affected by external factors such as customs clearance, port congestion, or geopolitical disruptions
  • Risk transfers to the client in accordance with the agreed Incoterms®
  • Any claims related to damage, delay, or loss in transit must be addressed in accordance with the logistics provider’s terms and applicable insurance coverage

6. Inspection, Acceptance, and Claims

Clients are required to inspect all goods and services upon delivery. Any claims regarding defects, discrepancies, or non-conformity must be submitted in writing 
within 7 days of delivery or service completion.

Claims must include detailed documentation and evidence. Failure to notify within this period constitutes acceptance of the goods or services as compliant. Ntantas
-ITS reserves the right to investigate and determine appropriate corrective actions, which may include replacement, repair, or partial credit, at its discretion.

7. Limitation of Liability

Ntantas-ITS undertakes to perform its obligations with due care, professionalism, and in accordance with agreed specifications. However:

  • All services are provided on a best-effort basis, particularly in sourcing and intermediary roles
  • Ntantas-ITS shall not be held liable for indirect, incidental, or consequential damages, including loss of profit, business interruption, or reputational impact
  • Under no circumstances shall Ntantas-ITS be required to act as a third party in disputes between the client and end users, contractors, or external stakeholders

8. Compliance, Regulatory Standards, and Ethical Conduct

Ntantas-ITS operates in compliance with international trade regulations, anti-corruption laws, and procurement standards across its operating regions. Clients are expected to adhere to all applicable legal and regulatory requirements, including import/export controls, product certifications, and ethical business practices.

For government and institutional contracts, additional compliance frameworks may apply, including documentation, audit rights, and reporting obligations.

9. Force Majeure

Ntantas-ITS shall not be held liable for delays or failure to perform obligations due to events beyond its reasonable control, including but not limited to natural disasters, pandemics, war, trade restrictions, labor disputes, or supply chain disruptions. In such cases, obligations will be suspended for the duration of the event.

10. Governing Law and Jurisdiction

All contractual relationships with Ntantas-ITS shall be governed exclusively by the applicable laws of the jurisdiction in which the contracting Ntantas entity is registered, unless otherwise agreed in writing.

Any disputes arising from or related to these Terms shall be subject to the exclusive jurisdiction of the competent courts within that jurisdiction.

11. Final Provisions

These Terms represent the entire agreement governing the commercial relationship between Ntantas-ITS and the client or Customer. If any provision is deemed invalid or unenforceable, the remaining provisions shall remain in full force and effect.