Terms of Service
Last updated: 21 July 2025
This Terms of Service agreement ("Terms") governs your access to and use of the BRICS Supply-Chain Corridor platform (the "Service"), a service of Burakorn Consulting Co., Ltd. ("we," "us," or "our"). By accessing or using the Service, the institutional entity you represent ("Client," "you") agrees to be bound by these Terms. You warrant that you have the legal authority to bind your organization to these Terms. If you do not agree with any part of these terms, you must not use the Service.
1. Acceptance of Terms
By accessing, using, or receiving any services from us, you confirm that you have read, understood, and agree to be bound by these Terms. You warrant that you have the legal authority to bind your organization to these Terms. If you do not agree with any part of these terms, you must not use the Service.
We reserve the right to modify these Terms at any time. We will provide notice of any material changes by updating the "Last updated" date at the top of this page. Your continued use of the Service after such changes constitutes your acceptance of the new Terms.
2. Services & Eligibility
The Service provides a compliant financial gateway for institutional clients to conduct cross-border trade. Access is strictly by invitation and is limited to legal entities that have successfully completed our Know Your Customer (KYC) and Anti-Money Laundering (AML) onboarding process.
You are responsible for maintaining the confidentiality of your account credentials and for all activities that occur under your account. You agree to use the Service solely for legitimate business purposes and in compliance with all applicable laws and regulations.
3. Fees & FX Rates
Fees for using the Service, including transaction fees and subscription charges, will be outlined in a separate Master Service Agreement (MSA) provided to you upon onboarding. All fees are quoted exclusive of any applicable taxes.
Foreign exchange (FX) rates are provided based on prevailing market conditions from our liquidity partners. While we strive to offer preferential rates, we do not guarantee any specific rate. The final FX rate for any transaction will be confirmed at the time of execution.
4. Compliance & AML Responsibilities
You agree to provide accurate and complete information during the onboarding process and to keep this information updated. You are responsible for ensuring that your use of the Service complies with your own internal compliance policies and all applicable laws.
You are strictly prohibited from using the Service for any unlawful activities, including but not limited to money laundering, terrorist financing, or transactions involving sanctioned individuals, entities, or jurisdictions as determined by our Seraphim Core™ compliance system.
5. Disclaimer of Warranties
The Service is provided on an "as is" and "as available" basis. We expressly disclaim all warranties of any kind, whether express or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose, and non-infringement. We do not warrant that the Service will be uninterrupted, timely, secure, or error-free.
6. Limitation of Liability
To the fullest extent permitted by applicable law, Burakorn Consulting Co., Ltd. shall not be liable for any indirect, incidental, special, consequential, or punitive damages, or any loss of profits or revenues, whether incurred directly or indirectly, arising from your access to or use of the Service. Our total liability for any claim arising out of these Terms will not exceed the total fees you paid to us in the six (6) months preceding the claim.
7. Governing Law
These Terms and any dispute arising out of or in connection with them shall be governed by and construed in accordance with the laws of the Kingdom of Thailand, without regard to its conflict of law provisions. You agree to submit to the exclusive jurisdiction of the courts of Bangkok, Thailand.
8. Contact
For any questions regarding these Terms of Service, please contact your designated relationship manager or reach out to our legal department via the contact information provided in your Master Service Agreement.