Legal

Terms of Service

Last updated: April 2026

1. Acceptance of Terms

By accessing or using the Caviar platform, services, APIs, or any associated websites (collectively, the "Services"), you agree to be bound by these Terms of Service ("Terms"). If you do not agree to these Terms, do not use the Services.

These Terms constitute a legally binding agreement between you and Caviar Inc. ("Caviar," "we," "us," or "our"), a company incorporated in Singapore under the Companies Act 1967.

2. Description of Services

Caviar provides financial infrastructure for global supply chains, including but not limited to: trade finance origination, capital markets structuring, oracle and data services, settlement infrastructure, and related technology services.

Our Services are intended for use by qualified institutional investors, accredited investors, corporate entities, and financial institutions. The Services are not directed at retail consumers.

3. Eligibility

To use the Services, you must:

  • Be at least 18 years of age or the age of majority in your jurisdiction
  • Have the legal authority to enter into binding agreements
  • Not be located in, or a resident of, any jurisdiction subject to comprehensive sanctions by OFAC, the EU, or the United Kingdom
  • Not appear on any applicable sanctions or restricted persons list
  • Complete all required Know Your Customer (KYC) and Know Your Business (KYB) verification procedures

4. Account Registration and Security

You are responsible for maintaining the confidentiality of your account credentials, including any private keys, API keys, or authentication tokens. You agree to immediately notify Caviar of any unauthorized use of your account.

5. Permitted Use

You agree to use the Services only for lawful purposes and in accordance with these Terms. You shall not use the Services to:

  • Engage in money laundering, terrorist financing, or sanctions evasion
  • Submit fraudulent, falsified, or misleading documentation
  • Circumvent any access controls, security measures, or compliance procedures
  • Reverse-engineer, decompile, or disassemble any aspect of the Services
  • Interfere with or disrupt the integrity or performance of the Services

6. Financial Instruments and Risk

The financial instruments accessible through the Services — including but not limited to receivable purchases, pre-export finance facilities, commodity repos, asset-backed securities, and derivatives — involve significant financial risk. Past performance is not indicative of future results.

You acknowledge that you have sufficient experience, knowledge, and resources to evaluate the merits and risks of any financial transaction conducted through the Services.

7. Oracle Data and Pricing

Caviar provides oracle-verified data including commodity prices, collateral valuations, and compliance attestations. While we employ commercially reasonable efforts to ensure data accuracy, oracle data is provided on an "as-is" basis and may be subject to delays, errors, or interruptions.

8. Settlement and Smart Contracts

Certain transactions may be executed through smart contracts deployed on public blockchain networks. Smart contract transactions are generally irreversible once confirmed. You are solely responsible for verifying transaction parameters before execution.

9. Fees

Fees for the Services are set forth in the applicable fee schedule or transaction documentation. Caviar reserves the right to modify fee structures with 30 days' written notice.

10. Intellectual Property

All intellectual property rights in the Services, including software, algorithms, oracle infrastructure, data models, and documentation, are owned by Caviar or its licensors. Nothing in these Terms grants you any right to use Caviar's trademarks, trade names, or logos.

11. Confidentiality

Each party agrees to maintain the confidentiality of non-public information received from the other party and to use such information only for purposes contemplated by these Terms.

12. Limitation of Liability

To the maximum extent permitted by applicable law, Caviar shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, data, or business opportunity, regardless of the cause of action.

13. Indemnification

You agree to indemnify and hold harmless Caviar and its officers, directors, employees, and agents from any claims, damages, or expenses arising from your use of the Services or violation of these Terms.

14. Governing Law

These Terms shall be governed by and construed in accordance with the laws of the Republic of Singapore, without regard to conflict of law principles. Any disputes arising under these Terms shall be resolved through binding arbitration administered by the Singapore International Arbitration Centre (SIAC).

15. Modifications

Caviar reserves the right to modify these Terms at any time. Material changes will be communicated via the platform or email with at least 30 days' notice. Continued use of the Services after modifications constitutes acceptance of the updated Terms.

16. Contact

For questions regarding these Terms, contact us at legal@caviarfi.com.