Featured Seller Terms of Use

1. Featured Supplier/Seller enjoys following 10 Special services on LokhandBazaar Marketplace:

   • Featured Supplier shall have a personalized, virtual Store Front on the Marketplace.

   • His Company Profile and Logo shall be displayed on a uniquely searchable Featured Store page on the Marketplace.

   • Featured Supplier can Invite trading partners and buyers to his virtual Store Front.

   • Buyers can Search the Store Front by Name, Product, Home and Destination.

   • Buyers can buy from any Featured Store by creating a customized RFQ (Request for Quotation/Request for Offer) for any Product.

   • Such RFQ / Lead shall be displayed as a searchable Direct RFQ on the Supplier’s RFQ page.

   • Featured Supplier can make any number of targeted Offers/Bids to the Buyer RFQ.

   • He shall get to know his current competitive Bid-Rank to enable him to re-assess his Bid.

   • The Bids remain displayed to the respective Buyer’s Bid Page based on the validity set by the Featured Supplier. Buyers can negotiate on the Offers / Bids and buy.

   • 100% Platform Service charges (including 100% Payment Gateway charges) will be waived off for all Trade transactions conducted through the Store Front route.

2. Any verified Supplier can opt to become a Featured Supplier at specially discounted fees of INR 6,499/= for 6 month package and INR 10,499/= for 12 month package under the LokhandBazaar “Early Bird” Scheme ( GST @ 18% shall apply on the fees ).

3. LokhandBazaar may change the Featured Supplier policy from time to time, which shall be updated on the site under the Featured Supplier Terms of Use and the Featured Supplier agrees to remain updated about such changes which may come in force from time to time.

4. All the standard terms and conditions of the Terms of Use, Supplier Policy, Supplier Agreement and other policies shown separately on the site continue to apply simultaneously and the Featured Supplier undertakes that all other policies, terms and conditions mentioned elsewhere on LokhandBazaar have been read and accepted by him.

5. Mode of Payment:
   Annual Subscription Fees must be paid in advance and deposited in the below account:
   Account Name : Crowbar Innovation Private Limited
   Current Account number : 006705007783
   Bank Name : ICICI Bank
   Branch IFSC Code : ICIC0000067