Terms Of Trade
Shalimar World’s TOT
Shalimar World’s Terms of Trade are as follows:
Unless otherwise stated, a vehicle is reserved for three (3) business days. Minimum 50% payment will be required within the reservation period. Failure to do so will lead to automatic cancellation of the order. Shipping procedure will begin once we receive your deposit which is agreed by the customer (you) and Shalimar World (Japan). As soon as we receive full payment, we will send you all the documents by courier. We will receive Letters of Credit at Sight from selected countries. Scanned TT copy will be required after payment in order to avoid any delay of shipping or document preparation.
FOB: Free – On – Board:
This is the cost of the vehicle excluding ocean freight. If you buy the vehicle at FOB price, the price only includes the cost of the vehicle and the expenses until loading on the ship in Japan.
CIF: Cost, Insurance and Freight. C&F: Cost, & Freight. (RORO Based):
This is the cost of the vehicle including all expenses caused in Japan and during ocean freight. If you need an insurance for the vehicle, please ask for our assistance.
T.T: Telegraphic Transfer / Wire Transfer:
This is the best way of payment. It is the fastest, safest and most effective mode of sending money. You can transfer money by Telegraphic Transfer at most of the major banks.
L/C: Letter of Credit:
We receive Letters of Credit at sight for selected countries. Please contact your nearest bank about the document.