Terms & Conditions

1. 100% credit LC (condition apply). No need your cash investment just only use your Bank credit and earn remarkable profit.

3. Machine erection by Korean R&D engineer. Immediate after arrival of the machineries to the buyer’s factory premises, Korean R&D engineer will arrive to erect the machineries as long as required to complete the erection.

5. After sales service (A/S). We are providing after sales service by our well trained engineer round the clock through a hotline as because all factories are export oriented. So our A/S team is ready.

7. Consumable Spare parts available in our all local offices of the socks machine buying countries which is basically consumable day to day and other non consumable spare parts also available with our local offices at the time of requirement by the factory.

9. Monitoring service will be provided by a monitoring team to report to R&D engineer team as a routine to monitor the quality of machines & export products to keep the socks buyer satisfaction.

11. Korean engineer will be in charge (as an employee) of the socks factory for quality of production and total technical matter. Who will be responsible for both the in house technical matter and socks production as well to ensure export quality.

13.A socks export agreement shall have to be signed with both the parties that are the factory and socks buyer or foreign socks buyer buying office in Korea for which the visit schedule for the factory after open the L/C of the socks machines by the factory.

15.Seller will source and confirm for export of socks and the commission for socks exports @ of 2.5% on the socks export L/C value will be paid by the factory to the seller.

17.Seller has agreed to give all sorts of assistance as when required to the factory as factory completely new entrepreneur in the socks field.

19.Operation of machinery for all of processing & machine maintenance

2. Turnkey solution from the LC to socks production that is LC, Shipment, Erection, Trial Production, Sample making & Final Production additional support to be given for design drawing floor plan machinery layout including others. If required (Condition apply).

4. Socks export sourcing by us is guaranteed. As we know the global socks buyer as well global buyer also knocks regliarly for their requirement that is why guarantying the socks factory owner to source the socks export. We are associated with renowned international socks buyer.

6. 24 hours Hotline. Our hotline team is round the clock 24 hours a day and 7 days in a week ready to receive your call and to serve according to your need.

8. R&D engineer from Korea will visit twice in a year normally to determine the efficiency of the machines production capacity as well as the mechanical, electrical & electronic condition.

10. Local technician training will be provided by us in locally by R&D engineer or if required to bring them to Korea for certain period to give operational knowhow training which wolid be priority basis (Condition apply).

12. Local technical person support will be arranged by us as we know who the technical person is fit for the specific job until factories own technical persons get ready or trained to run smoothly the machineries.

14.Assured and confirmed to the factory to take the responsibility of export of socks if otherwise, factory has got the right to go for legal action against seller for the breach of contract.

16.Factory have to agree to follow advices and guidelines if any, by the seller for the smooth export execution with all standard international compliances that is like WRAP etc.,

18.Production system setup, configuration, procedures and techniques.

20.Socks knitting technology and socks designing (Patterning, Sizing and Weight etc.,)

Shipment Terms

1. ORIGIN
2. WARRANTY
3. SHIPMENT

4. PARTIAL SHIPMENT
5. TRANS SHIPMENT
6. SHIPPING PORT
7. PACKING
8. PAYMENT


9. SELLER BANK DETAILS

10. BUYER BANK DETAILS

11. CREDIT PERIOD
12. PRICE TERMS
13. DELIVERY PORT
14. H.S. CODE

: REPUBLIC OF KOREA.
: 1 YEAR.
: WITHIN 120 DAYS AFTER RECEPT OF SATISFACTORY L/C.
: ALLOWED.
: ALLOWED OR NOT ALLOWED, IF APPLICABLE.
: KOREAN OR CHINESE PORT.
: EXPORT STANDARD PACKING.
: 100% IRREVOCABLE CONFIRM AS SIGHT OR 180 DAYS CREDIT WITH AD-CONFIRM / BANKER USANCE BY A REPUTED FIRST CLASS INTERNATIONAL BANK.
: XXXXXXXX BANK, XXXXXXXXXXX BRANCH, and SWIFT: XXXXXXXXXXX.
: BANK NAME: XXXXXXXXXXXXBRANCHXXXXXXXXXX, SWIFT: XXXXXXX.
: EXTENDABLE BY MUTUAL ACCEPTANCE.
: CNF BASIS.
: BUYERS PORT.
: 8447:11:00.