Terms & Conditions
These Terms govern every quotation, purchase order, and shipment between Mintwell Autotech Export Private Limited ("Mintwell", "we") and the buyer ("Buyer", "you"). By placing an order, you accept these Terms.
Last updated: 12 April 2026
1. Definitions
PI — Proforma Invoice issued by Mintwell quoting price, packing, Incoterm, and payment terms.
PO — Purchase Order issued by the Buyer accepting a PI.
Incoterms 2020 — International Chamber of Commerce rules defining delivery, risk, and cost allocation (EXW, FOB, CIF, DAP, DDP, etc.).
Bank LC — Irrevocable Letter of Credit issued by the Buyer's bank in favour of Mintwell.
B/L — Bill of Lading issued by the carrier evidencing shipment.
OEM — Original Equipment Manufacturer (Hero, Honda, Bajaj, TVS, and others).
2. Quotations & Purchase Orders
All quotations issued via PI are valid for 15 days from the date of issue unless stated otherwise, and are subject to availability and confirmation at the time of PO acceptance.
A PO is binding on the Buyer once countersigned by Mintwell or once advance payment / Bank LC draft is received. Prices, specifications, HS codes, and packing on the accepted PI form the contract.
Any amendment to an accepted PO (quantity, destination, Incoterm, packing) requires written agreement and may attract revised pricing and LC amendment charges.
3. Incoterms & Delivery
Unless explicitly agreed in the PI, the default Incoterm is FOB Nhava Sheva (INNSA) for sea freight and FCA Delhi for air freight, under Incoterms 2020.
Risk and title pass to the Buyer at the named Incoterm point. For detailed shipping terms, see our Shipping & Delivery Policy.
Delivery dates quoted are good-faith estimates. Mintwell shall not be liable for delays caused by carrier schedules, port congestion, customs, strikes, or other events outside reasonable control.
4. Payment
Accepted modes: Irrevocable Bank LC at sight, T/T Advance, and CAD (Cash Against Documents) for approved repeat buyers. Full terms are in our Payment Terms Policy.
All prices are in USD unless specified. Bank charges at the remitter's bank are borne by the Buyer; beneficiary's bank charges are borne by Mintwell.
Overdue invoices attract interest at 1.5% per month or the maximum permitted by law, whichever is lower.
5. Order Cancellation
Stock orders may be cancelled within 48 hours of PO acceptance without penalty.
Pre-production cancellation — advance payment is refundable less bank / wire transfer charges and any costs already incurred on buyer-specific packing, labelling, or documentation.
Post-production cancellation — once goods are produced, packed, or ready for dispatch, advance payment is non-refundable. Mintwell will attempt to resell goods where possible and credit net proceeds after costs.
LC amendment or cancellation fees charged by banks are to the Buyer's account.
6. Quality, Inspection & Warranty
All goods are inspected before dispatch per our ISO 9001:2015 quality system. Buyer may appoint an independent pre-shipment inspection agency (SGS, BV, TÜV, or equivalent) at Buyer's cost.
Warranty, DOA claims, short-shipment, and damaged-cargo claims are governed by our Returns & Claims Policy.
7. Trademarks & OEM References
Brand names such as Hero, Honda, Bajaj, TVS, Royal Enfield, Yamaha, Suzuki, Piaggio, Mahindra, and all associated logos and part numbers are the registered trademarks of their respective owners.
Mintwell supplies genuine OEM and OES parts sourced from authorised Indian manufacturers and distributors. References to OEM brands are solely for identification and fitment purposes and do not imply any agency, partnership, or endorsement beyond the documented supply chain.
8. Force Majeure
Neither party is liable for delay or failure to perform caused by events beyond reasonable control, including war, civil unrest, pandemic, government action, port closure, carrier failure, earthquake, flood, or fire. Affected party must notify the other promptly and use reasonable efforts to mitigate.
9. Governing Law & Jurisdiction
These Terms are governed by the laws of India. Courts at New Delhi, India have exclusive jurisdiction, subject to any mandatory arbitration provisions agreed in writing.
10. Export Compliance
Mintwell complies with Indian export regulations and international sanctions regimes. See our Export Compliance & Quality Policy for details on HS codes, Certificate of Origin, FTAs, and restricted destinations.
Questions about these Terms?
Contact our compliance team at [email protected] or call +91 92664 24442.