TERMS AND CONDITIONS
GMT Transpeed Pte Ltd , the freight forwarding business unit may choose to fulfill any contractual obligation, using any carrier or subcontractor and routing at its sole discretion, unless otherwise agreed in writing.
Transit times indicated are estimates and actual transit times may differ according to carrier schedules. Further, such indicated transit times do not reflect delays due to export control or customs clearance processes, and are applicable to working days only.
Total charges offered do not include insurance coverage, unless explicitly mentioned. In case no explicit insurance product is agreed, GMT Transpeed’s liability is limited to the Standard Trading Conditions defined below and/or the conditions as printed in the Bill of Lading and Air Waybill.
GMT Transpeed strives to be fully compliant at all times with the prevailing rules and regulations for carriage of General and dangerous/hazardous cargo. In this regard, we work with our customers and carrier partners to ensure all General cargo , dangerous/hazardous cargo is correctly declared at the time of booking the shipment and prevent any mis-declaration of General and dangerous/hazardous cargo. In the event that GMT Transpeed’s customers misdeclare any dangerous/hazardous cargo to be non-dangerous/non-hazardous cargo, all penalties, costs, consequences and liabilities of this mis-declaration will be passed on to the customer.
GMT Transpeed’s offers and quotations provide the estimated charges for the shipment specified therein based on their dimensions, weight, mode of transport, shipper/consignee, Incoterms, and pick-up and delivery location. Charges and transit time might differ in case the actual shipment is different from what is specified in the offer/quotation.
Exchange rates used in GMT Transpeed’s offer/quotations are only valid at the time of quoting. Charges will be converted to invoice currency based on current exchange rates which may be subject to an uplift and onboard. For shipments on "collect” basis, additional surcharges may apply.
“Force Majeure” means in relation to either Party, any circumstances beyond the reasonable control of that Party, including, without limitation, acts of God, compliance with any acts of any governmental or other authority, war or national emergency, riots, civil commotion, acts of terrorism, piracy, fire, explosion, flood, criminal acts, any information security-related threats including cyber-attacks, severe weather conditions, epidemic, pandemic, lock-outs, strikes and other industrial disputes (in each case whether or not referring to that Party’s or subcontractors’ workforce), shortage of labor, materials and services and inability or delay in obtaining supplies.
A close down of IT systems, sectors or segments thereof due to an information security-related threat or attack shall always be deemed to be an action to mitigate the consequences thereof.
GMT Transpeed’s reserves the right to pass on surcharges levied without notice by carriers or airlines in the event of Force Majeure.
Any contract concluded on the basis of this quotation can be terminated by either party at any time with at least 7 working days prior written notice.
GMT Transpeed’s offers/quotations are for informational purposes only, and therefore are not binding.
GMT Transpeed ensures that it maintains appropriate security measures in line with International Standard Organization ISO standard . This GMT Transpeed’s entire obligation regarding the security of Customer’s Information and GMT Transpeed’s IT-systems in connection with Customer’s use of GMT Transpeed Services. Customer is responsible for maintaining back-up copies of its Information and protecting its own IT-Systems.
Standard Trading Conditions Unless covered by mandatory legal regulations, all services of GMT TRANSPEED (hereafter referred to as “GMT”) are offered and transacted under the (1) Standard Trading Conditions and, where issued, (2) GMT TRANSPEED (Airway Bill, Bill of Lading), all of which exclude or limit the liability of GMT in certain circumstances. GMT shall not accept any liabilities other than those declared under the typical international conventions. If quoted, rates for temperature-controlled shipments or special cargo handling do not include any additional liability for cargo damage beyond the amounts provided for in (1) or (2). Where a document (2) is issued, the terms and conditions evidenced in such shall be paramount and govern the services in respect of which the document (2) is issued. Where Document (2) has not been issued, services shall be governed by the applicable transport convention, terms of the relevant national freight forwarders' association or national law. In absence of such, the GMT Standard Trading Conditions (1) will apply.
