Terms & Conditions

Welcome to Virtue Cargo Shipping and Logistics! These terms and conditions outline the rules and regulations for the use of Virtue Cargo Shipping and Logistics’s services. By accessing this website or utilizing our services, we assume you accept these terms and conditions in full. Do not continue to use Virtue Cargo Shipping and Logistics’s services if you do not accept all of the terms and conditions stated on this page.

Definitions

“Company”, “We”, “Our”, and “Us” refers to Virtue Cargo Shipping and Logistics. “You” refers to the individual or entity using our services. “Services” refers to third-party logistics, importation, exportation, and procurement services offered by the Company.

Use of Services

Eligibility:

Account Creation: To access certain features of our services, you may be required to create an account. You agree to provide accurate, current, and complete information during the registration process and to update such information as necessary.
Service Availability: Our services are subject to availability, and we reserve the right to modify, suspend, or discontinue any service at any time without notice.

Logistics and Transportation

Service Provision:We provide third-party logistics services, including but not limited to importation and exportation of goods. We act as an intermediary between you and transportation providers.
Responsibility: We are not liable for any loss, damage, or delay of goods during transportation unless directly caused by our negligence.
Insurance: We recommend that you obtain appropriate insurance coverage for your goods during transportation. We do not provide insurance unless explicitly agreed upon in writing.

Procurement Services

Service Description: We offer procurement services to source products on your behalf from suppliers around the world.
Supplier Selection: We do our best to select reliable suppliers; however, we do not guarantee the quality or authenticity of the products procured.
Payments and Refunds: Payments for procured products must be made in advance. Refunds are subject to the return policies of the respective suppliers.

Payment Terms

Fees: You agree to pay all fees and charges associated with the services as outlined in the service agreement. Payment Methods: We accept various payment methods, including bank transfers, credit/debit cards, and other methods as specified. Late Payments: Late payments may incur additional charges as specified in the service agreement.

Insurance

- Coverage Determination: Insurance cover is determined on the stated value of item(s) in your warehouse. Items may have been delivered into your warehouse without your invoices attached. In that regard, estimated values will be stated against them. This will be displayed in your warehouse. You agree to verify and upload your invoice if any value is incorrectly stated to enable us to update accordingly. Otherwise, you undertake to lose your right to any claim for the invoice value if you do not upload your invoice as you will only be compensated based on the stated value.

Declared Value: If you declare a higher value for carriage and pay the additional charge, our maximum liability will be the lesser of your declared value for carriage or your actual damage. Please ensure you read the terms of insurance, as we do not provide all-risk insurance.

Value Limits:

The highest declared value we allow for our letters and documents, packages, and any envelope is US$50 per shipment or US$9.07 per pound (US$20/kg), whichever is lower. For other shipments, particularly shipments of very high value, including but not limited to jewelry, artwork, antiques, precious metals, clocks, inherently fragile or unique items, the declared value for carriage is limited to US$50. The maximum declared value for glass is $50. Shipments containing glass include but are not limited to windshields, plate glass, China ware, light bulbs, televisions, monitors, and glass wares. Our maximum liability for damage to shipments containing glass is $50. The maximum declared values may be raised where you agree to pay for special crating and packaging to ensure safe transportation of the shipment, as well as pay for insurance to cover the shipment from damage while in transit. Crating Costs: Where we feel that crating your item is best for your shipment due to its sensitive or fragile nature, you agree to bear the cost of such crating – the cost must be paid before such item is released. Multiple Packages: If you send more than one package on a shipment using a single invoice number or HAWB number or airway bill number, the declared value for carriage of each package will be determined by dividing the total declared value for carriage by the number of packages in the shipment. Our liability in all cases will not exceed 50% of the combined cost of the goods and the amount paid for shipping. Insurance Policy: Terms of the insurance and coverage provided can be seen under our insurance policy.

VAT (Value-Added Tax)

Definition: The term value-added tax (VAT) refers to a consumption tax on goods and services levied at each stage of the supply chain where value is added. As such, a VAT is added from the initial production of goods and services to the point of sale. Rate: The VAT rate is 7.5% of the total value of your shipment. This amount is payable to the government. Collection: VAT will be calculated based on the total value of the goods and services provided and will be included in the final invoice.

Confidentiality and Data Protection

Confidentiality: We are committed to protecting your confidential information. We will not disclose your information to third parties without your consent, except as required by law. Data Protection: We comply with applicable data protection laws. For more information, please refer to our Privacy Policy.

Limitation of Liability

No Warranty: We provide our services on an “as is” and “as available” basis without any warranties, express or implied. Limitation of Liability: Our liability for any claims arising out of or relating to our services is limited to the amount paid by you for the specific service in question.

Indemnification

You agree to indemnify and hold Virtue Cargo Shipping and Logistics harmless from any claims, damages, or losses arising out of your use of our services or violation of these terms and conditions.

Governing Law

These terms and conditions are governed by and construed in accordance with the laws of [Your Country/State], and you submit to the non-exclusive jurisdiction of the courts located in [Your Country/State] for the resolution of any disputes.

Changes to Terms

We reserve the right to modify these terms and conditions at any time. Changes will be effective immediately upon posting on our website. Your continued use of our services constitutes acceptance of the revised terms.

Contact Information

If you have any questions about these terms and conditions, please contact us at: Virtue Cargo Shipping and Logistics 17 Gbajumo Cres, off Adeniran Ogunsanya, Street, Lagos 101211, Lagos