Terms of Service

Last Updated: January 2025

These Terms of Service ("Terms") govern your use of the 3wcommodities.com website and services provided by 3W Commodities, operating under SIGNITIS LTD (Registration: HE 473239, Cyprus). By accessing our website or engaging our services, you agree to these Terms.

1. Services

3W Commodities facilitates the export of Baltic commodities (water, wheat/grains, and wood/timber) from Latvia and neighboring countries to international buyers. We coordinate procurement, quality assurance, logistics, and export documentation.

Our services include:

2. Trading Terms

2.1 Quotations: All quotations are valid for 7 days unless otherwise stated and are subject to commodity availability and market price fluctuations.

2.2 Orders: Orders become binding once confirmed in writing by both parties. Specific commercial terms will be outlined in purchase agreements or proforma invoices.

2.3 Pricing: Prices are quoted based on current market conditions. Final pricing is confirmed at time of order and may be subject to currency exchange rate fluctuations.

2.4 Incoterms: We operate under standard Incoterms® 2020. Specific terms (FOB, CFR, CIF, etc.) will be agreed upon for each transaction.

3. Quality and Specifications

3.1 Quality Assurance: We work with certified suppliers and provide quality documentation. However, we act as facilitators and ultimate product quality is the responsibility of the suppliers.

3.2 Inspection: Buyers have the right to arrange pre-shipment inspection through third-party agencies. Costs of inspection are typically borne by the buyer unless otherwise agreed.

3.3 Specifications: Products will meet agreed specifications as outlined in the purchase agreement. Any variations will be communicated promptly.

4. Payment Terms

4.1 Payment Methods: We accept bank transfers, Letters of Credit, and other internationally recognized payment methods as agreed.

4.2 Payment Schedule: Payment terms vary by transaction size and customer relationship, ranging from advance payment to various stages of documentation.

4.3 Late Payment: Late payments may incur interest charges as permitted by law and may affect future order processing.

5. Delivery and Risk

5.1 Delivery Timeline: We provide estimated timelines but are not responsible for delays caused by suppliers, port operations, shipping carriers, weather, or force majeure events.

5.2 Risk Transfer: Risk transfers according to the agreed Incoterm (e.g., for FOB, risk transfers when goods pass ship's rail at loading port).

5.3 Insurance: For CIF terms, we arrange insurance. For other terms, buyers are responsible for insuring goods as appropriate.

6. Liability and Disclaimers

6.1 Service Basis: We provide facilitation services and act as an intermediary. While we exercise due diligence in supplier selection and quality control, we cannot guarantee perfection in every shipment.

6.2 Limitation of Liability: Our liability is limited to the value of the specific transaction in question. We are not liable for consequential, indirect, special, or punitive damages.

6.3 Force Majeure: Neither party is liable for failure to perform obligations due to circumstances beyond reasonable control (natural disasters, war, government action, strikes, etc.).

7. Export Compliance

Buyers are responsible for complying with import regulations in their destination countries. We provide necessary export documentation but cannot guarantee customs clearance in destination countries.

Both parties agree to comply with all applicable international trade laws, sanctions, and export controls.

8. Intellectual Property

All content on the 3wcommodities.com website, including text, graphics, logos, and images, is the property of SIGNITIS LTD or its content suppliers and is protected by copyright laws.

9. Website Use

You agree not to:

10. Disputes and Governing Law

10.1 Governing Law: These Terms are governed by the laws of Cyprus.

10.2 Arbitration: Any disputes arising from commercial transactions shall be resolved through arbitration in accordance with international arbitration rules, with venue to be agreed by both parties.

10.3 Jurisdiction: For website-related disputes, courts of Cyprus shall have jurisdiction.

11. Modifications

We reserve the right to modify these Terms at any time. Significant changes will be communicated via our website. Continued use of our services after changes constitutes acceptance of modified Terms.

12. Severability

If any provision of these Terms is found to be unenforceable, the remaining provisions shall continue in full force and effect.

13. Entire Agreement

These Terms, together with specific purchase agreements or contracts, constitute the entire agreement between you and 3W Commodities regarding our services.

14. Contact Information

For questions about these Terms:

Note: These Terms provide a general framework. Specific commercial transactions will be governed by detailed purchase agreements or contracts that supplement these Terms.