Commercial Terms & Conditions
Entity: Pingax InMotion LLP | Brand: SHREE COCONUT & PINGAXIM | Effective Date: January 1, 2026 | Last Updated: October 27, 2026
1Introduction & Acceptance of Terms
These Commercial Terms and Conditions ("Terms", "Agreement") govern the access, digital quotation, procurement, order placement, and commercial supply of agro-commodities (predominantly fresh coconut products, copra, and tender coconuts) through the digital trading platform operated by Pingax InMotion LLP (trade brands: SHREE COCONUT and PINGAXIM), having its principal registered trading depot at Survey No. 42/1, Coastal Highway Road, Mahuva, Dist. Bhavnagar, Gujarat - 364290.
By accessing the website (pingaxim.com), registering a B2B distributor or merchant account, requesting formal mandi quotations, or placing a purchase order, you irrevocably agree to be bound by these Terms. If you do not accept these Terms, you must immediately refrain from utilizing this platform.
2B2B Wholesale Account Eligibility & Mandatory KYC
PINGAXIM is strictly a Business-to-Business (B2B) agricultural wholesale trading enterprise. We do not engage in retail consumer transactions. To register an account or place commercial purchase orders, the buyer must satisfy the following statutory conditions:
- Mandatory GSTIN Registration: The applicant entity must possess an active, verified Goods and Services Tax Identification Number (GSTIN) under the Central Goods and Services Tax Act, 2017.
- Permanent Account Number (PAN): Valid PAN issued by the Income Tax Department of India corresponding to the registered legal firm or company.
- Business Constitution Proof: Valid registration certificate (Certificate of Incorporation, LLP Agreement, Partnership Deed, or MSME / Udyam Certificate for Sole Proprietorships).
- FSSAI Registration (If Applicable): Food business operators, processors, and caterers must provide their active FSSAI registration/license number.
Pingax InMotion LLP reserves the absolute right to reject account creation or cancel orders if the submitted KYC documentation is incomplete, suspended, or flagged by statutory GST verification portals.
3Rules of Platform Usage & Commercial Conduct
Users and distributors accessing the PINGAXIM ERP and portal agree to adhere to commercial ethics and platform integrity:
- Authorized Representation: You represent that the individual submitting digital quotes or purchase orders possesses full legal authority to bind your commercial entity.
- Confidentiality of Credentials: Account holders are strictly responsible for maintaining the confidentiality of their digital ledger access, passwords, and API keys.
- Market Integrity: Submitting fictitious purchase orders, manipulating mandi rates, speculative booking without intent to fulfill, or abusing payment credit windows is strictly prohibited and constitutes grounds for immediate account termination and legal action.
4Purchase Orders & Contract Binding
Every wholesale purchase order confirmed digitally or signed via sales order proforma constitutes a binding commercial agreement between the buyer and Pingax InMotion LLP. Prices are locked against electronic weighbridge tickets and accepted mandi spot rates.
5Intellectual Property Rights
All proprietary assets featured on this platform—including but not limited to the brand names SHREE COCONUT and PINGAXIM, registered logos, trade emblems, product specifications, grading charts, high-resolution imagery, user interface designs, custom software architecture, and API systems—are the exclusive intellectual property of Pingax InMotion LLP and protected under the Indian Copyright Act, 1957, and the Trade Marks Act, 1999.
No distributor, partner, or third party is permitted to reproduce, scrape, duplicate, republish, or create derivative works from our platform or brand assets without express prior written consent from Pingax InMotion LLP.
6Limitation of Liability & Force Majeure
Pingax InMotion LLP shall not be held liable for delayed deliveries, transit loss, or inability to fulfill contracts resulting from events beyond reasonable commercial control ("Force Majeure"), including natural disasters, cyclones, floods, agricultural crop failures, highway blockades, transporter strikes, pandemics, or government export/import restrictions.
In any event, the total aggregate financial liability of Pingax InMotion LLP arising out of any specific purchase contract shall not exceed the net invoice value received for that specific consignment.
7Governing Law & Dispute Resolution
This Agreement and all commercial purchase orders executed between Pingax InMotion LLP and its buyers shall be construed, interpreted, and governed in accordance with the substantive laws of the Republic of India.
- Amicable Negotiation: Any commercial dispute, claim, or breach shall first be referred to executive mediation between the parties for a period of 15 business days.
- Arbitration: Failing amicable resolution, the dispute shall be resolved through binding commercial arbitration in accordance with the Arbitration and Conciliation Act, 1996 by a sole arbitrator mutually appointed by the parties. The seat and venue of arbitration shall be Bhavnagar / Ahmedabad, Gujarat. Proceedings shall be conducted in English or Gujarati.
- Exclusive Judicial Jurisdiction: Subject to arbitration, the competent commercial courts located in Bhavnagar / Ahmedabad, Gujarat shall hold exclusive territorial jurisdiction over any judicial proceeding arising under this Agreement.
Statutory Legal Inquiries
For questions concerning these Commercial Terms & Conditions or legal notices, contact our Legal & Corporate Affairs cell at legal@pingaxim.com or our registered office: Pingax InMotion LLP, Survey No. 42/1, Coastal Highway Road, Mahuva, Dist. Bhavnagar, Gujarat - 364290.