Terms & Conditions

Terms & Conditions – Green Petro™

These Terms and Conditions (“Agreement”) govern all transactions, product purchases, custom services, and communications between the client (“Buyer”) and Green Petro™, a brand of Sharma Enterprises, having its registered office at C-4, Nehru Ground, NIT, Faridabad, Haryana, India – 121001. By engaging in any business with Green Petro™, the Buyer acknowledges and agrees to comply fully with the terms listed below.

Terms & Conditions - Green Petro
Terms & Conditions – Green Petro™

1. Definitions

  • “Green Petro™” refers to the seller, brand name under Sharma Enterprises.
  • “Buyer” refers to any individual or entity purchasing goods or services.
  • “Goods” refer to mold release agents and any related products or services.

2. Scope of Agreement

These terms apply to all quotations, invoices, purchase orders, and product/service agreements between Green Petro™ and its clients in India and abroad. Any changes to these conditions must be in writing and signed by both parties.

3. Pricing

  • All prices are exclusive of applicable GST, VAT, duties, or international taxes.
  • Prices are valid only for the period mentioned in the quotation or until explicitly revised.

4. Payment Terms

  • Advance Payment: For new clients, 100% advance is required unless otherwise agreed in writing.
  • Credit Terms: Existing clients with an approved credit facility may be granted a payment term of 15, 30, or 45 days as per prior agreement.

Late Payment Policy (India – Haryana Jurisdiction)

  • In case of payment default, the buyer agrees to pay a late fee of 2% per month (24% annually) on the outstanding amount.
  • Green Petro™ reserves the right to suspend further deliveries and pursue legal action under Haryana Commercial Law, Section 73 of Indian Contract Act, 1872, and other applicable civil recovery provisions.
  • Any cheque bounce will attract a penalty of ₹500 per instance, plus applicable bank charges.

International Buyers:

  • Payment to be made in USD/EUR/INR via wire transfer, Letter of Credit (LC), or as agreed.
  • All bank charges outside India are to be borne by the Buyer.
  • Currency conversion fees and delays due to compliance will not excuse the buyer from timely payment.

5. Order Confirmation & Cancellation

  • Orders are confirmed only upon receiving written PO or email confirmation.
  • Cancellation after production initiation is not permitted. Pre-production cancellations must be made within 24 hours of PO acceptance.
  • Cancellation fee of 25% of order value will apply for any late-stage cancellation.

6. Delivery Terms

  • All deliveries are ex-works Faridabad unless otherwise specified.
  • Risk of damage/loss passes to the Buyer once goods are handed to the transporter.
  • Delivery dates are estimates. Green Petro™ is not liable for delays due to force majeure, strikes, transport issues, or raw material shortages.

7. Inspection and Claims

  • Buyer must inspect goods upon receipt.
  • Any claims for defects, shortages, or damage must be submitted in writing within 48 hours of delivery.
  • After this period, goods are considered accepted.

8. Product Warranty

  • Products carry a shelf-life guarantee of 6 to 12 months, depending on the formulation.
  • Warranty is limited to product replacement or refund, subject to validation.
  • No liability is accepted for indirect, incidental, or consequential loss.

9. Intellectual Property

All Green Petro™ product names, labels, packaging, formulations, and technical documents are proprietary and confidential.

  • Any unauthorized use, replication, or disclosure is prohibited and may result in legal action.

10. Export Compliance

  • Buyers agree to comply with Indian export laws and destination country regulations.
  • Any international shipping or customs delays are not the liability of Green Petro™.

11. Confidentiality

  • All communications, technical data, and custom formulations are confidential.
  • Green Petro™ reserves the right to protect its proprietary formulas and may issue NDA clauses when necessary.

12. Dispute Resolution

  • Jurisdiction: Faridabad, Haryana, India.
  • In the event of disputes, parties will first attempt resolution via mediation.
  • If unresolved, disputes shall be settled under the Arbitration and Conciliation Act, 1996.
  • All legal proceedings, regardless of the buyer’s state or country of origin, shall be subject exclusively to the jurisdiction of Faridabad District Courts, Haryana.
  • This clause applies to all domestic and international buyers and ensures uniform enforcement under Haryana State Commercial Law.
  • Any party initiating legal action outside Faridabad jurisdiction agrees to bear the legal costs of venue transfer and associated legal expenses.

13. Governing Law

  • These terms are governed by the laws of India.
  • International buyers shall comply with their own local legal obligations, in addition to this agreement.

14. Modifications

Green Petro™ reserves the right to revise these Terms & Conditions without prior notice. Updates will be made available on our official website: www.greenpetro.in

For any questions, clarifications, or formal correspondence, please contact:

📧 Email: info@greenpetro.in
📞 Phone: +91-9899-009-726
🏢 Registered Address: C-4, Nehru Ground, NIT, Faridabad, Haryana – 121001, India

Disclaimer:
All third-party testing, performance data, and certifications mentioned herein are either based on internal evaluations or pending external validation. Applications for third-party testing (e.g., SGS, Intertek, etc.) have been initiated, and results will be published upon completion. Green Petro™ does not claim certified status until such validation is officially documented. This disclaimer complies with applicable national (BIS, FSSAI) and international standards (REACH, RoHS, CLP). No liability is assumed for interpretations prior to official report issuance.