• PREAMBLE
    These Standard Terms and Conditions of Purchase (“STCP” or “Terms”) are issued by CHW Forge Private Limited, a company incorporated under the Companies Act, 2013, having its registered office in Ghaziabad, Uttar Pradesh (hereinafter “Buyer” or “CHW”). These Terms shall form an integral and binding part of every Purchase Order (“PO”) issued by CHW and shall govern all procurement transactions with Suppliers unless explicitly superseded in writing by an authorised representative of CHW.
    These Terms have been drafted to achieve: (a) clear allocation of risk between the Buyer and Supplier; (b) protection of CHW’s quality, delivery, and financial interests; (c) compliance with Indian laws including the Indian Contract Act 1872, the Sale of Goods Act 1930, the MSMED Act 2006, the Arbitration and Conciliation Act 1996, and applicable GST legislation; and (d)
    alignment with international best practices in industrial procurement.
                1. DEFINITIONS AND INTERPRETATION
                            1.1 Definitions
            In these Terms, unless the context otherwise requires:
            • “Buyer” means CHW Forge Private Limited and its authorised representatives.
    • “Supplier” means any person, firm, company or entity supplying Goods or Services under a PO issued by CHW.
    • “Goods” means all products, materials, components, machinery, and equipment described in the PO.
    • “Services” means all services, works, consultancy, testing, or inspections described in the PO.
    • “PO” means the Purchase Order issued by CHW, incorporating these Terms.
    • “Contract” means the PO together with these Terms, any agreed Specifications, Drawings, QAP, and Schedule of Requirements.
    • “Specifications” means all technical requirements, TDCs, drawings, standards, and quality plans applicable to the Goods/Services.
    • “Delivery Date” means the date(s) specified in the PO for delivery of Goods/Services.
    • “LD” means Liquidated Damages as specified in Clause 11.
    • “Force Majeure Event” has the meaning given in Clause 13.
    • “Defect” means any failure of Goods or Services to conform to the Specifications or warranty obligations.
    • “Confidential Information” includes all technical, commercial, financial, or proprietary data disclosed by CHW.
    1.2 Interpretation
    • The singular includes the plural and vice versa.
    • Headings are for convenience and shall not affect interpretation.
    • References to statutes include amendments thereto.
    • In case of conflict between the PO and these Terms, the PO shall prevail unless these Terms expressly state otherwise.