Principal Global Procurement & Supply Company
Comprehensive legal documentation for Stonewood Global's principal trading operations in global procurement and supply.
Stonewood Global ("we," "our," or "us") respects your privacy and is committed to protecting the personal and business information you share with us. This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you engage our principal trading and global procurement services.
We collect information necessary to execute our principal trading operations, including:
We use collected information exclusively for legitimate business purposes:
We may share your information with:
We do not sell, rent, or trade your personal information to third parties for marketing purposes.
We implement appropriate technical and organizational security measures to protect your information against unauthorized access, alteration, disclosure, or destruction. Data is retained only as long as necessary to fulfill the purposes outlined in this policy or as required by law.
These Terms of Service govern your commercial relationship with Stonewood Global as a principal trader in global procurement and supply. By engaging our services, you agree to be bound by these terms.
Stonewood Global operates as a principal buyer and supplier of goods. We purchase products under our own contracts with suppliers and resell them to our customers. We take title to all goods, assume ownership risks, and invoice customers directly. Our revenue is derived from the margin embedded in our supply pricing, which covers our global procurement expertise, risk management, and value-added services.
Our principal trading services encompass:
As our customer, you agree to:
Given our position as principal trader in global procurement, the following liability provisions apply to our operations:
Stonewood Global acts exclusively as principal in all transactions. We purchase goods under our own name, take legal title, and assume associated ownership risks. We are the buyer of record with all suppliers and the seller of record to our customers. We do not act as intermediary, broker, or payment processor for third parties.
Aggregate Liability Cap: Our maximum aggregate liability for any claims arising from our supply of goods shall be limited to the total contract value of the specific goods giving rise to the claim, or $100,000 USD, whichever is less.
Excluded Damages: We shall not be liable for any indirect, incidental, consequential, special, or punitive damages, including lost profits, business interruption, or reputational harm.
All purchase contracts for goods are established directly between Stonewood Global and the supplier. We are the contractual party responsible for payment to suppliers and assume the associated credit risk. Goods may ship directly to customers, but legal ownership transfers from us to the customer upon fulfillment of our supply agreement terms.
We exercise professional diligence in supplier selection, market analysis, and procurement execution. However, we do not guarantee supplier performance beyond our contractual remedies as principal buyer. Our liability is limited to our obligations as seller under our supply agreements with customers.
We manage international trade compliance in our capacity as principal exporter/importer. However, customers remain responsible for compliance with end-use regulations, product standards, and local laws in their jurisdiction. We provide necessary documentation for customs clearance but do not guarantee specific regulatory outcomes.
As principal buyer, we manage all supplier relationships directly. We establish purchase contracts, set quality standards, and manage performance. In the event of supplier disputes, we exercise our contractual rights as the purchasing party and pursue remedies directly with the supplier.
We monitor supplier performance against our purchase contract specifications, timelines, and quality standards. We conduct quality inspections and implement corrective actions as principal buyer. We will notify customers of material deviations that affect delivery schedules or specifications.
In cases of supplier non-performance, we will:
Our primary obligation is to fulfill our supply agreements with customers, utilizing our position as principal to manage supply chain risks.
We maintain comprehensive documentation of our supplier contracts, quality inspections, and supply chain transactions. This documentation forms the basis of our principal trading operations and is available to customers to the extent necessary to demonstrate compliance with our supply agreements.
Our commercial terms reflect our principal trading model, with pricing that incorporates our procurement expertise, risk management, and value-added services.
All-In Supply Pricing: Our quoted prices include our purchase costs, global procurement services, risk management, and margin. We provide single-invoice billing for goods and services. Pricing may be structured as:
Fixed Price Contracts: Pre-determined price for defined goods and delivery terms. Ideal for projects with clear specifications and timelines.
Market-Linked Pricing: Pricing tied to market indices with agreed adjustment mechanisms for longer-term supply arrangements.
Service-Embedded Pricing: Comprehensive pricing that includes value-added services such as quality inspection, logistics management, and compliance documentation.
Unless otherwise specified in our supply agreement, our pricing includes standard procurement and delivery costs. Extraordinary expenses (including specialized testing, expedited logistics, or unique compliance requirements) will be communicated and approved in advance.
We accept standard commercial payment methods including bank transfer, letter of credit, and secured payment platforms. All payments are made to Stonewood Global entity as principal trader. We do not accept payments designated for third parties.
Step 1: Informal Negotiation (30 days): Parties shall first attempt to resolve disputes through good-faith negotiations between designated commercial representatives.
Step 2: Mediation: If unresolved after 30 days, parties shall engage in mediation with a mutually agreed mediator. Mediation costs are shared equally.
Step 3: Arbitration: Any remaining disputes shall be resolved by binding arbitration under the International Chamber of Commerce (ICC) Rules. The arbitration shall be conducted in English in London, England.
Neither party shall be liable for failure or delay in performance due to circumstances beyond reasonable control, including: natural disasters, war, terrorism, pandemics, government actions, trade embargoes, sanctions, supply chain disruptions, labor disputes, or utility failures affecting international trade ("Force Majeure Events").
Upon occurrence of a Force Majeure Event, the affected party shall promptly notify the other party and make reasonable efforts to mitigate impacts. If the Force Majeure Event continues for more than 60 days, either party may terminate the affected supply agreement without liability.
Customer Indemnity: You agree to indemnify, defend, and hold harmless Stonewood Global, its affiliates, and personnel from and against any claims, damages, losses, or expenses arising from: (a) your use of supplied products beyond specified applications; (b) your breach of these terms; or (c) your violation of applicable laws or regulations.
Our Indemnity: We agree to indemnify, defend, and hold you harmless from and against any claims arising from our breach of supply agreement warranties or our gross negligence in providing goods.
Procedure: The indemnified party shall provide prompt written notice of any claim, allow the indemnifying party to control defense and settlement, and provide reasonable assistance at the indemnifying party's expense.
Governing Law: These terms and any disputes arising from our supply of goods shall be governed by and construed in accordance with the laws of England and Wales, without regard to conflict of law principles.
Jurisdiction: Any legal proceedings not subject to arbitration shall be brought exclusively in the courts of London, England. Both parties consent to personal jurisdiction in these courts.
Principal Trader Status: Stonewood Global operates exclusively as principal buyer and supplier. We do not act as agent, broker, or intermediary. All transactions are executed in our name and for our account.
Supply Performance Disclaimer: While we exercise professional diligence in procurement, we do not guarantee uninterrupted supply, fixed pricing beyond contract terms, or immunity from global market fluctuations.
Market Conditions Disclaimer: Our procurement is based on market conditions, supplier capabilities, and regulatory frameworks at the time of purchase. These factors may change due to market dynamics, geopolitical events, or other external factors.
International Trade Disclaimer: We manage trade compliance as principal exporter/importer, but customers are responsible for compliance with end-use regulations and local laws in their jurisdiction.
Payment Disclaimer: All payments are made to Stonewood Global as principal trader. We do not collect, hold, or forward client funds for third parties.
For questions about these Terms of Service or Privacy Policy, contact:
Stonewood Global
Legal & Compliance Department
Email: legal@stonewoodglobal.com
Website: https://stonewoodglobal.com