KOCHAPU – Standard Terms & Conditions
KOCHAPU
Progress – Redefined
Effective Date: June 10, 2026
1. Scope & Applicability
These Standard Terms and Conditions (“T&C”) apply to all quotations, offers, sales, supplies of goods, sourcing activities, logistics coordination, and provision of services by KOCHAPU (“the Company”) to its customers (“the Client”).
Any terms and conditions of the Client, whether issued before or after these T&C, are expressly waived and excluded, unless explicitly accepted in writing by an authorized representative of the Company.
No variation, amendment, or derogation from these T&C shall be valid unless expressly agreed in writing in advance by the Company.
2. Quotations, Orders & Confirmations
All quotations issued by the Company are non-binding unless expressly stated otherwise and are valid only for the period mentioned therein.
An order shall be deemed accepted only upon:
Written confirmation by the Company, or
Issuance of a sales order, or
Receipt of advance payment, or
Commencement of sourcing, procurement, or services.
The Company reserves the right to reject any order without obligation to provide justification.
3. Prices, Duties & Taxes
Unless explicitly stated otherwise:
All prices are exclusive of VAT, customs duties, levies, port charges, inspection fees, or any other governmental or regulatory charges.
Any withholding tax, retention, or deduction imposed under the laws of the Client’s jurisdiction shall be borne entirely by the Client.
Under no circumstances shall such deductions reduce the amount payable to the Company.
The full invoiced amount shall remain due and payable to KOCHAPU in its entirety.
4. Payment Terms & No-Credit Policy
4.1 No Credit Policy
KOCHAPU does not offer credit facilities for any manual, offline, or non-system-generated orders.
All orders are payable in advance, unless explicitly agreed otherwise in writing by the Company.
Any reference to payment timelines on quotations or invoices shall not be construed as the granting of credit.
4.2 Payment Conditions
Payment must be received in cleared funds prior to dispatch of goods or commencement of services.
The Company reserves the right to withhold delivery, suspend sourcing activities, or cancel orders until full payment is received.
Under no circumstances shall delayed payment, partial payment, or prior commercial dealings be interpreted as the extension of credit.
5. Late Payment, Suspension & Recovery
In the event payment is not received by the stated due date:
The Company may immediately suspend or withhold any current or future deliveries or services without prior notice.
Late payment interest may be charged at 10% per annum on the outstanding amount.
If payment remains outstanding sixty (60) days after the due payment date, the Company reserves the right to:
Appoint a third-party debt recovery agency, and/or
Initiate legal proceedings for recovery.
All recovery-related costs, including legal fees, court costs, and collection charges, shall be fully borne by the Client.
6. Delivery, Lead Time & Risk Transfer
Delivery dates and lead times are indicative unless expressly guaranteed in writing.
The Company shall not be held liable for delays arising from:
Supplier or manufacturer delays
Logistics or port congestion
Customs or regulatory clearances
Force majeure events
Any circumstances beyond the Company’s reasonable control
Risk shall transfer to the Client upon dispatch, handover to carrier, or availability for collection, whichever occurs first, unless otherwise agreed in writing.
7. Industrial Sourcing & Trading Disclaimer
Where the Company acts as a sourcing, trading, or coordination entity:
The Company does not manufacture goods unless expressly stated.
Technical specifications, datasheets, certifications, and performance claims are provided based on information supplied by manufacturers or suppliers.
The Company’s obligation is limited to exercising reasonable commercial diligence in sourcing and supply.
The Company does not guarantee suitability for a specific application unless explicitly confirmed in writing.
8. Performance Obligation & Limitation of Liability
The Company undertakes to use reasonable commercial efforts to perform its obligations in accordance with agreed timelines and scope.
All obligations are obligations of means, not obligations of result.
Under no circumstances shall the Company be liable for:
Indirect or consequential losses
Loss of profit, production, or business
Project delays or penalties
Third-party claims or end-user disputes
The Company shall not be required to appear as a third party in any claim made by an end consumer against the Client.
Total liability, if any, shall in all cases be limited to the value of the goods or services invoiced and paid.
9. Claims & Complaints
Any claim relating to goods supplied or services rendered must:
Be submitted in writing, and
Be received by the Company within eight (8) days of delivery or service completion.
Claims submitted after this period shall be deemed inadmissible and waived.
10. Suspension & Termination
The Company reserves the right to suspend or terminate any order, contract, or service without liability in the event of:
Non-payment
Breach of contractual obligations
Insolvency, liquidation, or financial instability of the Client
11. Confidentiality
All commercial, pricing, technical, and sourcing information exchanged between the parties shall be treated as confidential, unless disclosure is required by law or regulatory authority.
12. Governing Law & Jurisdiction
All contractual relations between the Company and the Client shall be governed exclusively by the laws of the Kingdom of Saudi Arabia.
The courts of the Kingdom of Saudi Arabia shall have exclusive jurisdiction over any disputes arising out of or in connection with these T&C.
13. Severability
If any provision of these T&C is held to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.
KOCHAPU
Progress – Redefined