Formula 1 Investment

Custom Override Header

Terms of Service

Last updated: November 26, 2025

1. Acceptance of Terms

By engaging Formula 1 Investment for vehicle imports, cargo clearing, or agro-export services, you agree to be bound by these Terms of Service. If you do not agree to these terms, please do not use our services.

2. Services Provided

2.1 Car Import Services

  • Port clearing from Namibia (Walvis Bay), Mozambique (Beira), and Tanzania (Dar es Salaam)
  • MRA customs duty processing and documentation
  • Pre-inspection coordination
  • Vehicle transport and delivery throughout Malawi
  • Paperwork support including invoices, bills of lading, and road permits

2.2 Cargo Clearing & Forwarding

  • Container and loose cargo clearing
  • Cross-border transport coordination
  • Port handling at Beira, Dar es Salaam, and Walvis Bay
  • Customs declarations and transit documentation
  • Warehousing and storage services
  • Real-time cargo tracking updates

2.3 Agro-Product Export Services

  • Sourcing of Malawian agricultural products
  • Quality checks and packaging coordination
  • Export documentation and permits
  • Freight booking and coordination
  • Customs export clearance
  • Buyer coordination and delivery to shipping lines

3. Client Obligations

As a client, you agree to:

  • Provide accurate, complete, and truthful information
  • Submit all required documents in a timely manner
  • Pay all fees, duties, and charges as agreed
  • Comply with all applicable import/export laws and regulations
  • Not use our services for illegal or prohibited items
  • Maintain valid identification and business licenses where required
  • Respond promptly to requests for additional information or documentation

4. Fees and Payment

4.1 Service Fees: All fees will be clearly quoted before service commencement. Quotes include our service fees but may be subject to change if additional services are required.

4.2 Government Fees: MRA customs duties, port charges, and other government fees are separate and will be charged as per official rates. We provide accurate estimates but actual costs are determined by government authorities.

4.3 Payment Terms: Payment is typically required as follows:

  • 50% deposit upon service confirmation
  • Balance before final delivery or release of goods
  • MRA duties and port fees are payable as incurred

4.4 Payment Methods: We accept bank transfers, mobile money, and cash payments at our office.

5. Timelines and Delays

While we strive to provide accurate timeline estimates:

  • Estimated timelines are not guarantees and may vary
  • Delays caused by customs authorities, port congestion, weather, or force majeure are beyond our control
  • We are not liable for delays caused by incomplete or incorrect documentation from clients
  • We will keep you informed of any significant delays

6. Liability and Insurance

6.1 Limited Liability: Our liability is limited to our service fees paid by you. We are not liable for:

  • Vehicle or cargo damage during shipping (before we take custody)
  • Loss or damage due to force majeure, riots, or natural disasters
  • Losses due to incorrect information provided by clients
  • Government fee increases or policy changes
  • Delays caused by third parties or government agencies

6.2 Insurance: We maintain appropriate insurance for goods in our custody. Clients are responsible for arranging their own comprehensive insurance for high-value items.

7. Customs and Regulatory Compliance

You acknowledge that:

  • All imports/exports must comply with Malawi laws and international regulations
  • MRA and customs authorities have final say on duty assessments
  • Goods may be inspected, detained, or seized by authorities
  • You are responsible for any penalties resulting from prohibited or undeclared items
  • We reserve the right to refuse service for suspicious or illegal cargo

8. Cancellation and Refunds

8.1 Cancellation by Client: If you cancel after work has commenced, fees for work completed are non-refundable. Third-party costs already incurred are also non-refundable.

8.2 Cancellation by Us: We may cancel services if you fail to provide required documents, make payments, or violate these terms. Deposits may be forfeited.

8.3 Refunds: Refunds are issued only for services not yet rendered, minus any administrative fees and third-party costs incurred.

9. Confidentiality

We maintain confidentiality of your business information except where disclosure is required for service delivery, legal compliance, or with your consent.

10. Dispute Resolution

10.1 Negotiation: Any disputes shall first be attempted to be resolved through good-faith negotiation.

10.2 Jurisdiction: These terms are governed by the laws of Malawi. Any legal proceedings shall be conducted in Malawi courts.

11. Modifications to Terms

We reserve the right to modify these Terms of Service at any time. Continued use of our services after changes constitutes acceptance of the modified terms.

12. Contact Information

For questions about these Terms of Service, please contact:

Formula 1 Investment

Email: info@formula1investment.com

Phone: +265882292345

Formula 1 Investment
P.O. Box 30045
City Center
Lilongwe,Capital City

Formula 1 Investments
Po. Box 861
St Denis Street Road
Kwawala Building
Mzuzu
Old town.

Location: Blantyre, Lilongwe, Mzuzu

Business Hours: Monday – Friday, 8:00 AM – 5:00 PM

Scroll to Top