How the AGRI-BARTER ® works
1) You enter the details of the goods you are offering (in the red form), the more details the better.
2) In the lower part (in the green form), enter the details of the goods you want to receive in exchange, as many details as possible.
3) Read these Terms and Conditions before clicking „Submit Offer“
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4) Your offer will appear on the „The LIst of Offers“ page after a while, making your offer available to all potential partners.
5) As soon as someone responds to your offer, you will be notified immediately by mail.
6) It is up to you to evaluate whether or not the answer to your offer is workable or you can submit a counter-proposal.
7) If it is acceptable, you give us a reply via email, you acknowledge acceptance of the barter transaction. You can also give your counter-conditions to the other party.
8) Your response is immediately forwarded to the other party.
9) If the Barter transaction is accepted by both parties, we will send you details of your partner by e-mail to continue forming the contract and business.
10) Obligation, as the offeror, to pay in cash the Foodline & Co commission in the amount of the value of the entire transaction. Foodline & Co. reserves the right to estimate the value of the transaction based on the market value of the goods and to provide to Offerer an invoice. We have no control over the further course of the transaction and are not responsible for its execution of any loss or damage that may occur.
Commission of 3 (tree) %, to be paid by Offeror on the mean contract value in USD/EURO, contract fulfilled or not fulfilled unless such non-fulfillment is due to the cancellation of the contract under the terms of Force majors, as per ICC rule. The payment shall be due on the 7 working days after the confirmation of the barter transaction between two parties. Any disputes arising out of this clause shall be referred to as ICC arbitration Geneva, Switzerland.
There are two ways to close a barter transaction:
(a) 100% exchange of goods at the same value
(b) and second, you may exchange part of the goods for other goods and pay for the other part of goods in cash.
When exchanging goods, the issue of security is that if you first deliver the goods, the other party will fulfill its obligations. We advise that in such a case, the other party who subsequently supplies the goods will issue a bank guarantee in the value of the goods or a standby L / C that automatically withdraws with the delivery of the goods.
In some cases, a performance bond may be required.