Standard contractual terms governing mineral trade agreements between buyers and AMO Pvt Ltd / IS Enterprises.
All raw metallic ores (Copper, Chromite, Iron Ore, Marble) supplied by Afnan Ores & Minerals Pvt Ltd (AMO Pvt Ltd) conform strictly to contractually agreed grade thresholds. Pre-shipment chemical assay analysis performed by independent accredited inspection agencies (such as SGS) shall serve as final and binding proof of purity and moisture content.
Shipments are priced based on Metric Ton (MT) weight verified at Karachi Port weighbridges. Accepted payment instruments include Irrevocable Letter of Credit (LC at Sight) issued by prime international banks, or advance Telegraphic Transfer (TT) as specified in individual commercial contracts signed by Managing Director Shahid Hameed.
Deliveries structured under FOB (Free On Board) transfer risk to the buyer once cargo passes the ship's rail at Karachi Port. Deliveries under CIF (Cost, Insurance, Freight) include ocean transport and marine insurance to the destination port. Demurrage charges resulting from customs delays or buyer documentation failures remain the sole responsibility of the buyer.
All extraction operations by IS Enterprises comply with the Regulation of Mines & Works Act and environmental directives of the Khyber Pakhtunkhwa Minerals Department.
Any disputes arising under commercial contracts shall be resolved amicably through executive arbitration in Pakistan under the jurisdiction of KP courts.