Ocean Systems
1. Introduction
These Terms and Conditions (“Terms”) govern the provision of services by Ocean Systems (“Company”, “we”, “us”). By engaging with our services, partners and clients agree to be bound by these Terms.
2. Scope of Services
Ocean Systems provides a range of IT and digital services, including but not limited to:
- Software development and system integration
- Hosting and infrastructure services
- Technical support and maintenance
- Payment processing and financial facilitation services
3. Role as Collection Partner
- Ocean Systems may act as a collection agent on behalf of third-party partners (e.g., educational institutions, service providers, or other entities).
- All payments collected are received on behalf of the partner entity, based on a valid contractual agreement.
- Ocean Systems does not own or claim ownership of such funds except for agreed service fees.
- The responsibility for the underlying service (e.g., education, product, or service delivery) lies solely with the partner.
4. Contractual Relationship with Partners
- Ocean Systems enters into formal agreements with partners defining:
- Scope of services
- Payment handling terms
- Settlement cycles
- Fees and commissions
- Each partner remains fully responsible for compliance with applicable laws, regulations, and obligations toward end users.
5.Payment flow and processing
Once our client finishes the contracting procedures, we start deploying the service and handover it. Then the client process the payment through the approved payment methods.
The client will be responsible for running the service that may include fees collection from the end user. All the payments pass through authorized and secure payment gateways.
Upon successful payment:
- A confirmation is issued to the payer.
- Funds are recorded and allocated to the respective partner account.
- Settlement to partners is conducted according to agreed timelines.
6. Fees and Charges
- Ocean Systems may charge service fees, commissions, or processing fees as agreed in the contract.
- Any third-party transaction fees (banks, payment gateways) may apply and are handled as per agreement.
7. Liability Limitation
- Ocean Systems acts solely as a technical and financial intermediary.
- The Company is not responsible for:
- The quality, delivery, or legality of partner services
- Disputes between partners and end users
- Liability is limited to the extent permitted by applicable law.
8. Compliance and Regulations
- Ocean Systems operates in compliance with applicable financial, data protection, and IT regulations.
- Partners are responsible for ensuring their own compliance in their respective jurisdictions.
9. Data Protection
- All data is handled in accordance with applicable data protection laws.
- Payment data is processed securely and not stored beyond necessary requirements.
10. Termination
- Either party may terminate the agreement according to contractual terms.
- Upon termination, pending settlements will be processed in accordance with agreed procedures.
11. Governing Law
- These Terms shall be governed by the laws applicable to the jurisdiction specified in the partner agreement.