Geotex 'Global Edible Oil Trade Exchange'

Terms and Conditions

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These Terms of Use, describe the terms and conditions applicable to your access and use of (The Website) These Terms of Use are effective upon your use of the Website or registration of an account at

1. Terms of Acceptance and Application

These Terms of Use, the Privacy Policy, and all policies posted on the Website set out the terms on which offers you access to and use of their Websites, Services, applications etc. All policies, including the Privacy Policy are incorporated with Terms of Use. You agree to comply with all above when accessing or using our Services. This document and such other rules and policies of the Website are collectively referred to below as the Term's. By accessing the website you agree to accept the Terms.

2. User Services

You must register as a member on the Website in order to access and use our services, further, reserves the right, without prior notice, to restrict access to or use of certain Services (or any features within the Services) to paying users or subject to other conditions that may impose in its discretion from time to time. Services may vary for different users may in its sole discretion, limit, deny or create different levels of access to, and use of, any Services for different users. may launch, change, upgrade, impose conditions to, suspend, or stop any Services without prior notice thereof from time to time; certain Services may be provided by affiliates on behalf of

3. Account Membership

User must be registered on the Website to access or use the Services (a registered user is also referred to as a "Member" below). One Organization will have one administrator who creates more users for his Organization. Upon registration on the Website, The registered e-mail would become the member ID and the user would be able to generate own password. All notifications will be sent to registered email and mobile number of the user, it's the responsibility of the user to verify all details and report any discrepancies. Each Member ID and password is unique for a single account. Each Member shall be solely responsible for maintaining the confidentiality and security of the

Member ID and password and for all activities that occur under such account. No Member may share, assign, or permit the use of its Member account, ID or password by another person outside of the Members business entity. Member agrees to notify immediately if it becomes aware of any un-authorized use of its password or its account or any other breach of security of its account.

Member agrees that all activities that occur under the account (including without limitation, posting any company or product information, clicking to accept any Additional Agreements or rules, subscribing to or making any payment for any services, sending emails using the email account will be deemed to have been authorized by the Member shall indemnify, its affiliates, directors, employees, agents and representatives against any loss or damages (including but not limited to loss of profits) suffered as a result of Multiple Use. Member also agrees that in case of Multiple Use or Member’s failure to maintain the security of its account, shall not be liable for any loss or damages arising from such a breach and shall have the right to suspend or terminate Member’s account without liability to Member.

4. General rules of products' offering by the User Companies

The Company is authorized to offer its goods on the Website via binding offers containing information according to the Terms of use. After publishing the offer the Company’s Credit value will be blocked in the amount corresponding to the value of the published offer. After the expiration of the Offer validity period the offer will be removed from the Website Seller’s Offer of the Products the Seller offers its products via an electronic form, in which he is obliged to provide products filled by him in the form. An offer located on the website is considered as binding. All prices given by the seller exclude taxes & duties.

5. Products Description

Products description including technical specifications which will always be in English, All Products listed on the website would be having "Standard Specifications". We will try to add the products offered by the seller after checking it. The description of products may only relate to the products located in the offer. The description of products may not be used to communicate between the Companies or as advertisement of items and services offered by the seller outside of the Website. Offer cancellation: The seller is authorized to cancel its offer in full extent during the Offer validity period.

6. Buyer’s Offer

The Buyer is authorized to offer products on the Website by binding offers containing information given on the website hereof. Buyer is authorized to locate offers on the website for the duration of its validity. The Seller may not change the Terms of already booked or traded offer for the Offer validity period. After the expiration of Offer validity period the offer will be removed from the website.

7 .Offer cancellation

The buyer is authorized to cancel its offer in full extent during the Offer validity period. Buying products from the seller – In case of seller’s interest in offered products, The Seller will confirm its interest in the products by clicking agreeing to the Terms and Conditions by clicking “Confirm”.

8. Offer/Enquiry cancellation

Cancellation of the offer/Enquiry based on the Company’s decision prior to its expiration.

9. Purchase contract

A confirmed offer (an offer confirmed by another contracted party) or a confirmed enquiry (an enquiry confirmed by another contracted party) is equal to a purchase contract.

10. Customer Support

A section of the website remits which ensures that Companies receive satisfactory service. It receives feedback from Companies and attempts to find solutions to any problems that may arise.

11. Contract Closing

The buyer and the seller are obliged to contact Geotex immediately after receiving the Conformation of the offer. After receiving the Binding order the seller and the buyer are authorized to conduct all mutual communication in the matter of their mutual performance electronically via email addresses noted in the Order, or other addresses, which will be provably communicated between the parties.