The following table specifies the time slots applicable to various activities performed on the site TRADOLOGIE.COM.
|LC||Pay Performance Guarantee Deposit (PGD) +participation fees to participate in the negotiation||Seller||Till one minute prior to completion of the live negotiation session||A seller can make payment of Performance Guarantee even 1 Minute Prior to close of Negotiations|
|LC||Place order after completing negotiation||Buyer||3 hours||The prices quoted by seller are firm for 3 hours prior to Close of Negotiation Window|
|LC||Accept the order terms||Seller||Within 6 hours of completion of the negotiation||The order shall be deemed to be accepted if the same is not accepted by the seller within the stipulated time. In case of any issue, the seller is to contact firstname.lastname@example.org before the end of the stipulated period.|
|LC||Create the PO after seller accepts order terms||Buyer||24 hours||In case the PO is not uploaded, the same shall be deemed as default of the buyer.|
|LC||Accept PO||Seller||3 hours after the buyer uploads the PO.||If the seller doesnot accept, then the order is automatically accepted at the end of day.|
|LC||Upload LC||Buyer||Within 3 working days upon the acceptance of the PO by the seller.|
|LC||Accept LC||Seller||Within 3 days after the buyer uploads the LC in favour of the seller.||Seller must get the LC validated and approved by his bank within 3 days.|
|ESCROW||Pay PGD+participation fees to participate in the negotiation||Seller||Till one minute prior to completion of the live negotiation session|
|ESCROW||Place order after completing negotiation||Buyer||3 hours|
|ESCROW||Accept the order terms||Seller||Within 6 hours of completion of the negotiation|
|ESCROW||Create the PO after seller accepts order terms||Buyer||24 hours|
|ESCROW||Accept PO||Seller||3 hours after the buyer uploads the PO.||If the seller doesnot accept, then the order is automatically accepted at the end of day.|
|ESCROW||Make Payment in ESCROW||Buyer||Till 3 days prior to last date of delivery||Buyer to contact Helpdesk for any issues.|
|Third Party Inspection||Upload Inspection Report||Seller||Till 2 days before last date of dispatch|
|Third Party Inspection||Approve Inspection Document||Buyer||Within 24 hours of upload of the inspection report|
|Dispatch Document||Upload Dispatch Documents||Seller||Till last minute of last day of dispatch||Seller to contact Helpdesk for any issues.|
|Dispatch Document||Approve Dispatch Document||Buyer||Within 10 hours of upload||Incase the Buyer doesnot approve, the same shall be deemed accepted at the end of day.|
PERFORMANCE GUARANTEE FEES
CALCULATION OF PERFORMANCE GUARANTEE DEPOSIT
Performance Guarantee Deposit is paid by both the buyer and seller for each order.
Performance Guarantee Deposit = Quantity * Reference Price * Category %
Note: The Reference Price for items currently being traded is provided in this document. The reference price for an item can be updated without prior notice.
Note: The Category % is dependent on the category of the item being traded. The Category % can be updated without prior notice.
CALCULATION OF COMMISSION FEES
The commission fees are calculated based on the invoiced value of the order and commission rate applicable as per the seller’s membership type:
Commission Fees = Invoiced value of the order * applicable commission rate
|S. No||Product Category||Reference Price||Category %||Base Commission|
|1.||Basmati Rice||Rs. 48,000 PMT||1.0||1.25|
|2.||Non Basmati Rice||Rs. 25,000 PMT||1.0||1.25|
|3.||TMT Steel Bars||Rs. 30,000 PMT||1.0||0.5|