Tma Agreement

8.1. In the event of a worsening of the buyer`s credit, TMA reserves the right to require the buyer, even after the partial shipment of an order, to provide guarantees that TMA may deem sufficient to ensure the proper performance of its contract. The refusal of this agreement gives TMA the right to terminate all or part of an agreement. 7.3. If TMA decides not to oppose the aforementioned termination clauses, TMA nevertheless retains the ability to suspend or terminate current transactions or orders and recover immediate payment prior to the shipment of subsequent shipments, regardless of previous agreements. The ISDA/IIFM Tahawwut Master Agreement is a global master`s agreement for transactions in Islamic derivatives. The document contains the first standard contractual document for cross-border transactions in Shariah-compliant derivatives. Like the ISDA Masteragrement 2002, on which it is based, the ISDA/IIFM Tahawwut Master Agreement is a multi-product framework agreement. The document was drafted with the aim of documenting the exchange of Islamic currencies and profits based on the murabaha of raw materials.

7.2. The contract can also be terminated automatically eight days after the buyer has been formally informed of TMA`s intention to exercise these clauses. The payment or execution of the contract after that date or its offers does not affect TMA`s right to avail itself of this termination. 1.2. Offers on available goods are considered non-binding and void if the merchandise is sold before an agreement (“contract,” “agreement,” “contract”). 1.6. Although an order may be issued by TMA, no agreement is reached until the buyer expressly accepts these terms and conditions of sale within eight days. If the buyer does not receive a written response from the buyer before the above deadline expires, these terms and conditions are deemed accepted by the buyer, regardless of the clauses contained in the buyer`s own documents. 5.2. In any event, cases of force majeure or other, which may occur during the effect of a contract, result in the release of TMA from liability in the event of non-performance of the terms and suspension in this contract, provided that the effects of such situations of force majeure may prevent implementation. Cases of force majeure and such situations may include, in addition to situations often recognized by law, political, economic or social disturbances affecting the country of origin or country of destination; Power or transportation are disrupted or not disturbed for any reason; any lockout or other work stoppage, even local or partial, regardless of the liability that may or may not fall to TMA or its supplier; Exploitation incidents Machine or equipment failure Fire explosion; road accidents; any other incident that may occur outside of TMA`s control or capability and disrupt delivery, manufacturing or shipping.

4.3. With the exception of a written agreement to the contrary, prices may vary on the basis of associated costs (wages, wage costs, raw materials, taxes, etc.) up to the date of delivery of the goods for shipment. Such price fluctuations have no reason to cancel an order. 6.4. The return of the goods is not carried out without prior authorization. 3.3. The risk of goods sold, even if such a sale is subject to a property reserve, is transferred to the buyer as soon as that commodity leaves the TMA workshop. . 3.1. The transfer of ownership of the goods sold is retained until the full payment is received. Payment by cheque or other tradable instrument is considered to be received only if the promised credits are recovered effectively. 1.5.

Orders for TMA agents are not binding without confirmation from TMA.