Terms And Conditions

Kirloskar Oil Engines Limited (KOEL) provides a web site located on the internet at [www.koel.co.in] where registered buyers trade in steel products using the web platform and services rendered by Kirloskar Oil Engines Limited website. 

Your use of this web site indicates that you accept this “Company User Agreement” (CUA) without modification and any other operating rules or policies that KOEL may create and/or revise from time to time and makes available on this site. "This site" refers to the site << URL >> including any parts thereof; "you" or "your" refers to the individual or entity using this site; with which Kirloskar Oil Engines has created a version of this site or that KIRLOSKAR OIL ENGINES has authorized to link to this site or with which KOEL has a joint promotion relationship. You represent and warrant that you are authorized and empowered to agree to this CUA on behalf of yourself and any entity that you purport to represent. By accessing, browsing, and or using this site, you acknowledge that you have read, understood, and agree to be bound by this CUA. If you do not agree to these terms, do not use this site. 

KIRLOSKAR OIL ENGINES LIMITED may at any time revise this CUA by updating this posting. By using this site, you agree to be bound by any such revisions and therefore you should periodically visit this page of the site to examine the then current CUA to which you are bound. Certain provisions of this CUA may be superseded by expressly designated legal notices or terms located on particular pages at this site. 

In consideration for the use of this site, you agree to (1) provide complete and accurate information about yourself when so prompted by this site and (2) maintain and update this information as necessary to keep it current, complete and accurate. Any use of your personal information is set forth in our Privacy Policy. 

Eligibility 

Auction on the site is available only to individuals and businesses who can enter into legal contracts. Persons registering warrant that they provide accurate information. Kirloskar Oil Engines Limited reserves the right to disapprove your registration or terminate your use of the site for any reason at any time. 

User name and password

You are solely responsible for all use and for protecting the confidentiality of your user name and password and e-mail address. Furthermore, you are entirely responsible for any and all activities, which occur, under your account. You agree to immediately notify to KIRLOSKAR OIL ENGINES LIMITED of any unauthorized use of your account or any other breach of security known to you. 

Grant of License And Restrictions

KIRLOSKAR OIL ENGINES LIMITED hereby grants you a limited, non-exclusive, non-transferable, non-sub licensable, revocable license to use this site only for managing your purchase/sale for yourself or on behalf of your entity. You may not rent, lease, grant a security interest in, or otherwise transfer any rights you have in the use of this site. You are prohibited from reselling or acting as a service bureau for the purchasing services of this site. You are also prohibited from reverse engineering, modifying, de-compiling, disassembling, translating or otherwise attempting to derive source code from any part of this site
Circumvention of KIRLOSKAR OIL ENGINES LIMITED 

Member agrees not to identify and engage in negotiations with counter party on the Exchange and then agree on the terms of the same transaction or otherwise circumvent the payment to KIRLOSKAR OIL ENGINES LIMITED of the Transaction Fee contemplated in these Terms and Conditions. A Member who agrees on the terms of a transaction off the Exchange is still liable to pay KIRLOSKAR OIL ENGINES LIMITED the applicable Transaction Fee for such transaction. In addition, any Member who engages in circumvention is subject to having its membership in KIRLOSKAR OIL ENGINES LIMITED immediately and permanently revoked. 
Membership Fees 

Initially the membership is being offered under categories namely regular membership is free but for availing benefits, members may be required to pay security deposit as per the rules of KIRLOSKAR OIL ENGINES LIMITED from time to time. KIRLOSKAR OIL ENGINES LIMITED has the right to deny access to KIRLOSKAR OIL ENGINES LIMITED Web Site to any Member who has not paid the requisite security deposit. The security deposit is Nonrefundable and non-interest bearing.

Terms and Conditions between Members 

Upon registration of a Member, these Terms and Conditions of Use, as may be amended, modified or replaced from time to time, accessible through the www.koel.co.in Web Site and the Transaction Fee Schedule governs your use of www.koel.co.in Web Site and participation in constitutes a Member's "Membership Agreement". 

Disclaimer of warranties

KIRLOSKAR OIL ENGINES LIMITED (KOEL) is an auction service provider. KIRLOSKAR OIL ENGINES LIMITED provides www.koel.co.in Web Site on "as is" and "as available" basis and without warranty or condition, express or implied. We are not responsible for the merchantability or fitness of any item, materials, products or services offered on this site. The buyer assumes all risk associated with the use of this system. www.koel.co.in website is not responsible for any damages, including damages that result from, but are not limited to negligence. www.koel.co.in website will not be held responsible for consequential damages, including but not limited to: system problems, inability to use the system, loss of electronic information which affect the auction, acts of god, nor any other act beyond our reasonable control. Users of www.koel.co.in website agree to indemnify and hold harmless, www.koel.co.in website, it's owners and agents for any incident of loss or damage as a result from using this system. KOEL.com, its buyer, do not warrant that use of this site will be uninterrupted, secure or error-free, that messages or requests will be delivered, that defects will be corrected, or that this site or the server that makes it available are free of viruses or other harmful components. 

Termination 

Either KIRLOSKAR OIL ENGINES LIMITED or Member may terminate the Membership at any time by serving a notice in writing or through e-mail on the other party. 

Upon termination of the Membership, Member shall immediately,

(a) Pay and settle all outstanding debts and dues in full to KIRLOSKAR OIL ENGINES LIMITED including without limitation the Transaction Fees, within 30 days from the date of termination, 

(b) Honour and complete all outstanding transactions and effect the sale and/or purchase of products and/or services made on or through the KIRLOSKAR OIL ENGINES LIMITED website before the termination of the Membership, 

(c) Return to KOEL all items as KOEL has provided to the Member during the period of Membership. 

www.koel.co.in website and/or its buyers reserve the right to restrict access to this site to any user, and may at any time at its sole discretion, with or without notice and with or without cause, immediately deny access to this site by any person or entity, including those who previously had access. 

Systems Integrity

Member agrees to comply with all applicable local, state, federal, and international laws, statutes, rules and regulations relating to Member's use of www.koel.co.in Web Site Without limiting the foregoing, Members are responsible for observing all applicable tariffs and trade laws. 

Member agrees not to tamper in any way with the software or functionality of www.koel.co.in Web Site. Member further agrees not to invade by any means or in any manner other Member's privacy. 

Indemnification 

Without limiting the generality or effect of other provisions of these Terms and Conditions of Use, as a condition of membership, each Member agrees to indemnify, hold harmless, and defend KIRLOSKAR OIL ENGINES and each of its affiliates including their respective officers, directors, sub-contractors, agents, employees, successors and assigns against any and all claims, losses, liabilities and damages including without limitation to attorney fees, incurred or allegedly incurred by KIRLOSKAR OIL ENGINES LIMITED arising out of, based upon or resulting from such Member's breach of these Terms and Conditions of Use. 

Modification of these Terms and Conditions of Use

Notwithstanding anything contained anywhere on this Site, KOEL in its sole discretion reserves the right, at any time, to add or delete or modify some or all of these Terms and Conditions of Use, including but not limited to Membership fees/charges. The amended Terms and Conditions of Use will be posted on www.koel.co.in Web Site and the effective date of any such amendment will be the date on which the amended Terms and Conditions of Use is so posted. In addition, www.koel.co.in will e-mail all Members a notice of the amended Terms and Conditions of Use and the amended Terms and Conditions of Use shall then constitute a Member's Membership Agreement

Governing Law 

These Terms and Conditions of Use and the terms and conditions contained in other Sites and the relationship between Members and KIRLOSKAR OIL ENGINES LIMITED shall be governed by and construed in accordance with the laws of India without regard to the conflict of laws. Member and KOEL agree that any dispute or claim arising out of or relating to these Terms and Conditions of Use and the relationship between Members and KOEL shall be submitted to the exclusive jurisdiction of the courts located at PUNE, India. 

Privacy

www.koel.co.in intends to give you as much control as possible over your personal information. You may visit this site without telling us who you are or revealing any information about yourself. Some times, however, we may need information from you, such as your name and address. If you choose to give us personal information via the Internet so that we may correspond with you, or provide services to you, it is our intent to let you know how we will use such information. If you tell us that you do not wish to have this information used as a basis for further contact with you, we will respect your wishes. We do not sell mailing lists to anyone. Your address and other information will be provided to other parties purely for the purpose of business transactions. We sometimes keep track of the domains from which people visit us. We analyze this data for trends and statistics, and then we discard it. 

Terms and Conditions on Registration screen

I understand that KOEL management reserves the rights to approve the registration of the bidders it finds suitable. KOEL Management reserves the right to change the uploaded bid information and award the bid to the company of its choice. By submitting this form I agree that all information entered on behalf of the company in the registration form is done accurately and truthfully. By accepting this terms and conditions I also confirm having read and accept the terms and conditions of using this website.