1. Introduction

These Terms and Conditions govern all trading activities, enquiries, quotes, contracts and transactions facilitated by World Minerals Trading and Investments PTY Ltd (“World Minerals”, “we”, “us” or “our company”). By engaging with our company, submitting a Request for Quote (RFQ), or entering into any trading agreement, you agree to these terms in full.

2. Trading Activities

World Minerals acts as a commodities trading intermediary, facilitating the buying, selling, export and import of bulk minerals, food commodities, chemicals and fertilisers. We connect verified buyers and sellers globally and may act as principal or agent depending on the transaction structure agreed upon in writing.

3. Request for Quote (RFQ)

• All RFQs submitted via our website, email or WhatsApp are non-binding until a formal contract is signed by both parties.
• Quotes provided are indicative and subject to change based on market conditions, availability and quantity.
• Quotes are valid for the period specified in the written quote document only.
• World Minerals reserves the right to decline any RFQ without providing a reason.

4. Contracts & Agreements

• All trades must be confirmed by a signed Sales and Purchase Agreement (SPA) or Contract.
• No verbal agreements are binding. All terms must be in writing and signed by authorised representatives.
• Contracts are governed by the laws of the Republic of South Africa.
• Any disputes will be resolved through arbitration in Johannesburg, South Africa.

5. Payment Terms

• Payment terms are specified in each individual contract and may include Letter of Credit (LC), Telegraphic Transfer (TT), or other agreed instruments.
• All payments must be made in the currency specified in the contract.
• World Minerals reserves the right to cancel any transaction where payment is not received as per agreed terms.
• Bank charges are the responsibility of the paying party unless otherwise agreed in writing.

6. Quality & Inspection

• All commodities traded through World Minerals are subject to SGS or equivalent independent quality inspection prior to shipment.
• The SGS Certificate of Analysis constitutes the final quality determination unless otherwise agreed in writing.
• Any quality disputes must be raised within 7 days of receipt of the SGS report.
• World Minerals does not accept liability for quality variations beyond the tolerance specified in the contract.

7. Shipping & Delivery

• Shipping terms (FOB, CIF, CFR, etc.) are as specified in each contract.
• World Minerals is not liable for delays caused by force majeure events including but not limited to natural disasters, port strikes, government restrictions or pandemics.
• Risk transfers to the buyer at the point specified in the contract (typically at the loading port for FOB terms).

8. Confidentiality

All pricing, contract details, buyer/seller information and business arrangements shared between parties are strictly confidential and may not be disclosed to third parties without prior written consent from World Minerals PTY Ltd.

9. Limitation of Liability

World Minerals shall not be liable for any indirect, consequential, or incidental damages arising from any trading transaction. Our maximum liability in any dispute shall not exceed the value of the specific transaction in question.

10. Governing Law

These Terms and Conditions are governed by and construed in accordance with the laws of the Republic of South Africa. Any legal proceedings shall be conducted in the jurisdiction of Johannesburg, Gauteng, South Africa.

11. Amendments

World Minerals reserves the right to amend these Terms and Conditions at any time. The most current version will always be available on our website at www.worldminerals.co.za. Continued engagement with our company constitutes acceptance of any updated terms.

12. Contact

For any queries regarding these Terms and Conditions, please contact:

Parveen Bajaj — Director
Email: pbajaj@worldminerals.co.za | Tel: +27 74 822 7777

Mr Baburu MG — Executive Director
Email: baburu@worldminerals.co.za | Tel: +27 79 928 8003