Rubber Board functioning under Ministry of Commerce & Industry,Government is promoting “mRube”, the e-trade platfrorm for rubber.M/s i-Sourcing Technologies Pvt. Ltd, Ahmadabad the technology partner in running this project.

No. Only valid Rubber Board license holders are permitted to trade.

No. It is the choice of the buyer and seller.

“mRube” is conceptualised as an online market place which offers better market visibility and price discovery to buyers and sellers. e-trade platform opens new vistas to NR supply chain participants for reaching out to new sellers/ buyers. Quality certification, banking arrangements, OTP based contract, customer rating etc are added features in this trade channel.

‘mRube’ platform works on all days except Sundays and national holidays. The transaction time will be 10 AM to 5 PM.

A valid license holder of Rubber Board can do self registration in mRube using his license number and registered mobile number/emailid.

The minimum order quantity allowed is 1MT.

(1) Sheet Rubber Grades ie. RSS 1X, 1,2,3,4 &5 (2) ISNR grades ie. ISNR 3L,5,10,20&50 (3) Concentrated latex 60%

“mRube’ allows only intraday trade and the no carryovers are permitted.

Yes. Till trade is locked, the buyer/seller can edit/revise his price/quantity offered.

‘mRube’ offers an exclusive page for buyers to empanel their vendors. Offers made in Private Trade page is visible only to those vendor/s who are invited by the buyer from the empanelled list of vendors.

No. Once the contract is executed , the buyer/seller is not permitted to withdraw from the deal.

Buyers can request for Quality Inspecting in the e-trade portal. Based on quality inspection, Board issues quality certificate.

Quality of the rubber grades will be assessed as per specifications defined by Bureau of Indian Standards for rubber grades.

No. Quality certification is optional and chargeable. Details of inspection fees are uploaded in the portal.

Yes

Members can opt for quality certification in the e-trade portal and remit the quality inspection charges at the rate mentioned in the portal. For inspections prior to shipment, The seller shall grade and pack rubber in conformity with standards prescribed by the Bureau of Indian Standards. RSS and ISNR grades shall be packed in LDP cover and each cover is to be affixed with 2 holographic logo stickers to seal mouth of the bundle/ bale. Centrifuged latex can be sealed in the cap of barrels/flexi tank with holographic logo stickers. Details of holographic logo stickers used in the inspected material will be uploaded in the etrade portal and will be included in the Quality Certificate issued by the Rubber Board. For ISNR grades and Centrifuged Latex, sample drawn by the inspecting officer will be tested at Rubber Board laboratory and based on the test report, Quality Certificate will be issued to the party.

Yes. The OTP based contract is s legally valid document and any breach of contract by either of the parties can be escalated to appropriate forums by the party concerned.

In the event of dishonouring of a contract, Rubber Board can be requested by either of the parties to reconcile the issue. If the issue is still not resolved , the parties can escalate the issues to the court of law.

In the event of any dispute or difference between the parties hereto arising out of or in connection with this agreement of whatsoever nature, the same shall be referred to arbitration of Rubber Board, if agreed upon, failing which the matter shall be taken up to the Court of Law.

Rubber shall be despatched for delivery to the buyer on or before the delivery date specified in the contract.

In the event of dispute in quality of the rubber, the buyer/seller can opt for counter checking of quality by the Rubber Board on payment of prescribed fees, through the portal.

The payment options available are (1) payment routed through escrow account against delivery (2) advance payment collection (3) part payment in advance and remaining routed through escrow account & (4) as decided by the buyer and seller.

Rubber Board will operate an escrow account for minimising payment risk of the seller. If seller opts for this payment method and agreed by the buyer, then the e-trade platform advise buyer to park the invoice amount in the escrow account, before dispatch of the material. Once the material reaches the buyer and uploading the Goods Receipt Note, the payment will be credited to the seller’s account from escrow credit.

If the buyer is not uploading the Goods Receipt Note (GRN) within 14 days from the dispatch of goods, the e-trade system will treat the consignment as delivered, in the absence of a written communication and the payment due to the seller will be settled.

Interest free advance facility is an exclusive offer of participating banks for sellers in ‘mRube’. The terms and conditions and documentation required for availing this facility may be seen in the e-trade portal.

If a buyer rejects the consignment after fulfilling the sales rejection procedure defined in the e-trade platform, then the advance availed by the seller shall be refunded to the bank on the same day of notification. If the seller is not refunding the advance on the same day, applicable penal interest will be levied by the bank.

No

No. Any dispute regarding difference in quantity invoiced and delivered needs to be settled by the parties.

No. Such issues are to be resolved among buyer and seller.

In the event of dispute in quality of the rubber, the buyer/seller can opt for counter checking of quality by the Rubber Board on payment of prescribed fees, through the portal.

Buyer/ seller will be solely responsible for GST collection & remittance. ”mRube” will not be responsible for any lapse in GST collection/ remittance of either of the parties.

On e-trade platform, we are committed to make your journey easy and effective. Online resource screens are available in the user manual of the portal.

1.Visit https://MRube.com / and click on Login, 2. Click on "Forgot your Password" link, 3. Enter your User Id, kindly note that User Id is case sensitive, 4. Type the Characters displayed in the captcha box, press SUBMIT, 5. An E-mail will be sent to your registered E-mail ID with link to Reset password, 6. Click on Reset Link in your E-mail, and Enter new password and confirm the same, Press SUBMIT.

Information shared by the clients with “mRube” is private and confidential. Under no circumstance, mRube will share your personal information without your consent, except as required by law. Read more about this in the Privacy Policy

In order to avoid biases in selection of seller, for a particular purchase, seller's name will no longer disclosed on e-trade portal until the buyer makes a purchase decision. concern related to buyers/sellers, one can raise a complaint to the Customer Care.

E-trade platform is committed for providing a fair play field for all the sellers and buyers. In case of any grievance related to deviation / concern related to buyers/sellers, one can raise a complaint to the Customer Care.

Yes. E-trade platform levies a nominal service charge from the sellers and the rates are displayed in the portal.