Welcome to PetroTrade Broker's Terms of Service. These Terms govern your use of our petroleum products brokerage services, website, and any related applications or platforms.

PetroTrade Broker ("we," "our," or "us") provides brokerage services connecting buyers and sellers of petroleum products. By accessing or using our services, you acknowledge that you have read, understood, and agree to be bound by these Terms.

These Terms constitute a legally binding agreement between you and PetroTrade Broker. If you are entering into this agreement on behalf of a company or other legal entity, you represent that you have the authority to bind such entity to these Terms.

For the purpose of these Terms, the following definitions apply:

• "Services" refers to the petroleum products brokerage services, including but not limited to facilitating transactions between buyers and sellers, market analysis, and consulting services.
• "User" or "You" refers to any individual or entity that accesses or uses our Services.
• "Platform" refers to our website, applications, and any other digital interfaces through which we provide our Services.
• "Transaction" refers to any agreement facilitated by us between a buyer and seller for the purchase and sale of petroleum products.
• "Commission" refers to the fee charged by us for facilitating a Transaction.
• "FOB"Free On Board - A shipping term indicating that the seller is responsible for goods until they are loaded onto a vessel, at which point the buyer assumes responsibility. and other industry terms are defined according to standard industry practices and Incoterms 2020.

Additional terms may be defined within specific sections of these Terms.

3.1 Service Description

Prince Source provides comprehensive sourcing and procurement services for various industries, including but not limited to electronics, textiles, machinery, and consumer goods. Our Services include:

• Supplier identification and verification
• Quality control and product inspection
• Supply chain optimization
• Logistics and shipping management
• Market research and cost analysis
• Order management and tracking
• Customs clearance assistance

3.2 Role as Intermediary

We act solely as an intermediary between buyers and sellers. We do not take title to or possession of any petroleum products. We are not responsible for the quality, quantity, or delivery of products, nor for the creditworthiness or performance of either party in a Transaction.

3.3 Service Limitations

Our Services are subject to the following limitations:

• We do not guarantee the successful completion of any Transaction
• We do not provide legal, tax, or investment advice
• We reserve the right to refuse service to any party at our discretion
• Service availability may vary by region and product type

4.1 Accuracy of Information

You agree to provide accurate, current, and complete information when using our Services. This includes but is not limited to company information, contact details, product specifications, and transaction requirements.

4.2 Compliance with Laws

You agree to comply with all applicable laws, regulations, and industry standards related to petroleum products trading, including but not limited to:

• Trade sanctions and embargoes
• Anti-money laundering regulations
• Anti-corruption and anti-bribery laws
• Environmental and safety regulations
• Import/export controls

4.3 Due Diligence

You are responsible for conducting appropriate due diligence on potential transaction partners. While we may assist in the verification process, you acknowledge that you will perform your own assessment of the counterparty's reliability, creditworthiness, and capability to fulfill contractual obligations.

4.4 Prohibited Activities

You agree not to engage in any of the following activities:

• Providing false or misleading information
• Circumventing our brokerage services to avoid paying Commission
• Engaging in fraudulent, deceptive, or illegal activities
• Infringing on the intellectual property rights of others
• Attempting to manipulate market prices or engage in anti-competitive practices

5.1 Commission Structure

Our Commission rates vary based on the type of product, transaction volume, and complexity of the services provided. Current Commission rates will be disclosed to you prior to entering into a Transaction. Unless otherwise agreed in writing, Commission rates are subject to the following structure:

• Standard petroleum products: 0.5% - 2.0% of transaction value
• Specialty products: 1.5% - 3.5% of transaction value
• Consulting services: Fixed fee or hourly rate as agreed

5.2 Payment Terms

Commission payments are due upon the successful completion of a Transaction, defined as the execution of a binding agreement between buyer and seller. Payment terms are as follows:

• Invoices will be issued upon Transaction completion
• Payment is due within 30 days of invoice date
• Accepted payment methods include wire transfer, ACH, and other approved methods
• All payments must be made in the currency specified in the invoice

5.3 Late Payments

Late payments are subject to interest charges of 1.5% per month or the maximum rate permitted by law, whichever is lower. We reserve the right to suspend Services to any User with outstanding payments.

5.4 Taxes

All fees are exclusive of taxes. You are responsible for paying all applicable taxes, including but not limited to sales tax, value-added tax, and withholding tax, as required by law.

6.1 Limitation of Liability

To the maximum extent permitted by law, PetroTrade Broker shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, data, use, goodwill, or other intangible losses, resulting from:

• Your use or inability to use our Services
• Any transaction or relationship between you and any third party
• Unauthorized access to or alteration of your data
• Statements or conduct of any third party on our Platform

Our total liability for any claim arising from or related to these Terms or our Services shall not exceed the amount of Commission paid by you to us in the six (6) months preceding the claim.

6.2 Disclaimer of Warranties

Our Services are provided on an "as is" and "as available" basis, without warranties of any kind, either express or implied, including but not limited to warranties of merchantability, fitness for a particular purpose, non-infringement, or course of performance.

We do not warrant that:

• Our Services will function uninterrupted, secure, or available at any particular time or location
• Any errors or defects will be corrected
• The results of using our Services will meet your requirements
• Any information provided through our Services is accurate, complete, or current

6.3 Indemnification

You agree to defend, indemnify, and hold harmless PetroTrade Broker and its officers, directors, employees, and agents from and against any claims, liabilities, damages, losses, and expenses, including without limitation reasonable legal and accounting fees, arising out of or in any way connected with your access to or use of our Services, your violation of these Terms, or your violation of any third-party rights.

7.1 Confidential Information

"Confidential Information" means any non-public information disclosed by one party to the other, whether orally, in writing, or by other means, that is designated as confidential or that reasonably should be understood to be confidential given the nature of the information and the circumstances of disclosure. Confidential Information includes but is not limited to:

• Business strategies and plans
• Financial information and pricing
• Customer and supplier lists
• Product specifications and requirements
• Transaction details

7.2 Protection of Confidential Information

Each party agrees to:

• Maintain the confidentiality of the other party's Confidential Information
• Use such Confidential Information only for the purpose of performing obligations under these Terms
• Restrict access to Confidential Information to employees, agents, and contractors who need to know such information
• Return or destroy all Confidential Information upon request or upon termination of the relationship

7.3 Exceptions

The obligations of confidentiality do not apply to information that:

• Is or becomes publicly available through no fault of the receiving party
• Was known to the receiving party prior to disclosure
• Is independently developed by the receiving party without use of Confidential Information
• Is rightfully obtained from a third party without restriction
• Is required to be disclosed by law, regulation, or court order

8.1 Termination by User

You may terminate your use of our Services at any time by providing written notice to us. Termination will be effective upon our receipt of your notice. However, you will remain responsible for:

• Any outstanding payment obligations
• Any Transactions that were initiated prior to termination
• Any obligations that by their nature are intended to survive termination

8.2 Termination by PetroTrade Broker

We may terminate or suspend your access to our Services immediately, without prior notice or liability, for any reason, including but not limited to:

• Breach of these Terms
• Violation of applicable laws or regulations
• Engaging in fraudulent or deceptive practices
• Non-payment of fees
• Upon request by law enforcement or regulatory authorities

8.3 Effect of Termination

Upon termination:

• All rights granted to you under these Terms will cease
• You must cease all use of our Services
• Any provisions of these Terms that by their nature should survive termination shall survive, including but not limited to payment obligations, warranty disclaimers, indemnity, and limitations of liability

9.1 Applicable Law

These Terms shall be governed by and construed in accordance with the laws of the State of Texas, United States, without regard to its conflict of law provisions.

9.2 Dispute Resolution

Any dispute arising out of or relating to these Terms or our Services shall be resolved as follows:

1. The parties will attempt in good faith to resolve the dispute through negotiation. Either party may initiate negotiations by providing written notice to the other party, setting forth the subject of the dispute.
2. If the dispute is not resolved within 30 days of the initial notice, the parties will attempt to resolve the dispute through mediation in Houston, Texas, administered by the American Arbitration Association under its Commercial Mediation Procedures.
3. If the dispute remains unresolved 60 days after the commencement of mediation, either party may initiate binding arbitration in Houston, Texas, administered by the American Arbitration Association under its Commercial Arbitration Rules.

9.3 Class Action Waiver

You agree that any proceedings to resolve or litigate any dispute will be conducted solely on an individual basis. Neither you nor we will seek to have any dispute heard as a class action, private attorney general action, or in any proceeding in which either party acts or proposes to act in a representative capacity.

9.4 Injunctive Relief

Notwithstanding the foregoing, either party may seek injunctive or other equitable relief to prevent the actual or threatened infringement, misappropriation, or violation of a party's copyrights, trademarks, trade secrets, patents, or other intellectual property rights.

10.1 Modifications to Terms

We reserve the right to modify these Terms at any time. If we make material changes to these Terms, we will notify you by email or by posting a notice on our website prior to the changes becoming effective. Your continued use of our Services after the effective date of the revised Terms constitutes your acceptance of the changes.

10.2 Modifications to Services

We reserve the right to modify, suspend, or discontinue any part of our Services at any time, with or without notice. We shall not be liable to you or any third party for any modification, suspension, or discontinuance of our Services.

10.3 Severability

If any provision of these Terms is held to be invalid or unenforceable, such provision shall be struck and the remaining provisions shall be enforced to the fullest extent under law.

10.4 Waiver

Our failure to enforce any right or provision of these Terms will not be considered a waiver of those rights. The waiver of any such right or provision will be effective only if in writing and signed by a duly authorized representative of PetroTrade Broker.

10.5 Assignment

You may not assign or transfer these Terms, by operation of law or otherwise, without our prior written consent. Any attempt by you to assign or transfer these Terms without such consent will be null and void. We may assign or transfer these Terms, at our sole discretion, without restriction.