Auction Agreement for Masterpieces by Daterra
PAGE: AUCTION POLICY
QUESTIONS AND DOUBTS
Please get in touch with daterracoffee@daterracoffee.com.br for all auction-related inquiries.
THE SAMPLE PACK
The sample pack's price is U$300, containing 15 samples of green coffee, 200g of each sample.
THE COFFEE LOTS
This online auction offers distinct lots of green coffee selected by Daterra Coffee for sale.
IMPORTANT
A bidder's responsibility is to evaluate samples of coffees to be auctioned regarding quality and appropriateness of use for specific purposes and customer needs. This involves a thorough sensory evaluation, including visual inspection, aroma assessment, and taste testing, to ensure the quality and characteristics of the coffee meet the bidder's expectations.
Attention to lot sizes. Some coffees are sold in 24.2kg vacuum-pack boxes, while some lots are 12.1kg vacuum-packed boxes. Each coffee lot is offered for sale at the auction under the agreement of the owner of the coffee lot.
Bidders have been provided the opportunity to obtain samples of the coffees sold through this auction. Suppose a Bidder does not receive a pre-auction sample of the coffee for which they are the highest bid, it will be considered a waiver of the successful bidder's legal right to object to conformity to the pre-auction sample in any subsequent dispute regarding the purchased lot. Interested bidders are strongly advised to request and confirm receipt of coffee samples for this auction. If a Bidder wins any lot(s) in the auction, the cost of one set of samples purchased will be rebated. The sample set will be sent with DAP (Delivery at Place) incoterm. Additional local fees may be charged – these are the sample set buyer's responsibility.
AUCTION DATES AND TIMES
The Internet Coffee Auction will take place on November 19th, 2024. Bidding will open at 14:00 GMT, and all lots will be open for bidding at the same time. Please pay attention to your time zone!
Auction times in your region:
06:00 am - Los Angeles
09:00 am - New York
11:00 am - São Paulo
02:00 pm – London
05:00 pm – Riyadh
10:00 pm – Shanghai
11:00 pm – Tokyo
11:00 pm – Seoul
01:00 am - Sydney (November 20th)
THE BIDDING PROCESS
- The bidding process is designed to be fair and transparent. All approved Bidders may bid at any time during the auction, with the highest Bidder in the final period of the auction being declared the purchaser of each particular Lot of coffee, subject to the opening price as a reserve price. Bids must be received on the Online Auction site before the close of the Auction of each Lot to be valid. Any approved Bidder is allowed to take part in the auction. The Auction site is designed for ease of use and for the ability to disseminate information immediately. Each Bidder is solely responsible for maintaining the confidentiality of any password used to access the Auction site.
- Each Bidder may make as many bids as they desire during the auction on any or all of the Lots offered for sale, subject to pre-arranged and confirmed bidding limits, if any, and financial approvals.
- Separate bids must be made for each Lot. Each Lot will be sold in total, and the successful Bidder will purchase the entire Lot. After the auction, if the opening price has been equaled or exceeded, the successful Bidder for each Lot shall be the Bidder who bid the highest for that Lot.
- The successful bidder for a lot will purchase only the coffee contained in that Lot; no rights, benefits, or discounts accrue to the successful bidder for additional or other coffee from the farm or cooperative that provided the Lot for sale through the auction.
Each Bidder can view the current high bid for a Lot at any time during the auction. Once entered, bids may not be revoked or withdrawn. Any subsequent higher bid, whether by the same Bidder or another, effectively extinguishes all prior lower bids.
OPENING AND CLOSING OF THE AUCTION
- All Lots will open and close together. There is no staggered opening or closing of Lots. After the Opening, the bidding may start. Once every lot in the auction has received a bid, a three-minute countdown will begin on all of the lots simultaneously. Any bid placed during the countdown period will trigger a countdown reset. Any bidder may bid on any lot at any time during this phase. A minimum bid increase of 0.10 dollars (ten cents) per pound is required from any prior bid throughout the auction.
- Proxy Bidding will be in effect for the entire duration of the auction. A bidder may place a bid in the auction system for the maximum bidder is ever willing to bid for an item. The auction system places a bid on the bidder's behalf. The auction system continues to bid on the bidder's behalf whenever another user's bid outbids the bidder until the maximum is exceeded or the auction is won.
- Additional bids will be accepted on any lot during the final countdown period if received within three (3) minutes of the last bid for that or any other lot. Any bidder may bid on any lot during the final countdown bidding period. Bidding on all lots will conclude, and the Online Auction will close when, after three (3) minutes, there are no more additional bids for any lot. A clock on the bidding site will indicate the time remaining for another bid to be placed on any or all of the lots or for the auction to end. The Internet has an inherent latency, which may vary depending on the Bidder's physical distance from the server and the speed of the Bidder's Internet connection. Internet latency means a delay between when the Bidder clicks the bid button and when the request reaches the Auction server. If the on-screen clock indicates only a few seconds remaining, a bid placed at that time may only make it to the server after the timeout condition automatically closes the auction.
- The identity of each Bidder will be anonymous and unknown to other Bidders before and during the Online Auction. The operators of the Online Auction site will provide the appropriate parties with the identity of the purchaser of each Lot after the auction is concluded to arrange for payment of the purchase price and to finalize shipping arrangements. Unless otherwise agreed to before the beginning of the auction, the identity of the highest bidder for each Lot and the identity of all Auction registrants will be made public information after the conclusion of the auction for purposes of media promotion and bidder development research.
-Any public use of, publication of, or posting on the Internet of screen captures, images, or descriptions of the Auction software, user interface, or software features is prohibited.
MINIMUM OPENING PRICE/RESERVE
- An opening price has been set for each Lot before the start of the auction, which will serve as a reserve price (minimum selling price). If the auction does not generate a price for a Lot that at least equals the opening price, the Lot will not have been purchased at the auction. If the bidding does not reach the reserve price, the lot will not be sold, ensuring the coffee is sold at a fair market value.
FINANCIAL TERMS
- All financial arrangements shall be made through each Coffee Lot's designated Exporter, details of which will be provided before the auction or with confirmation of purchase. The designated Exporter will be the successful Bidder's contractual counterpart for the shipment of any purchase.
- It is agreed to by all Bidders, through acceptance of these Terms and Conditions, that a Bidder agrees to pay for and take control of any coffee Lots which may be sold to them and which has been shipped per their instructions. Bidders also agree to be financially responsible for all bids made during the auction. Any financial arrangements and guarantees for payment by a Bidder are the sole responsibility of the Bidder and any guarantor of the Bidder. Neither M Cultivo nor Daterra Atividades Rurais Ltda. is responsible for the payment due from the successful Bidder or any guarantor.
- Payment for auction lots is due in FULL 15 days after the auction date. If the winning Bidder does not pay the due amount within this time, the lots will be offered to the bidder who placed the second-highest bid. Wire transfer is the payment method; payment in full is required before the coffee leaves the country of origin.
LOGISTICS TERMS
The buyer of the auction lot is responsible for shipping costs. All coffee will be shipped by air freight or consolidated with one of our partner's shipping. The logistics team will send the freight quotation for approval. All shipment incoterms are considered to be EWX.
Coffee lots must pass through customs, which may include tariffs, taxes, fees, etc., based on the destination country. Feel free to reach out to our logistics team for guidance on shipping options.
ORGANIC CERTIFICATION
Regarding the lot MATIELLO, Arara Organic Natural Aerobic 48 hours, we would like to inform you that, following the organic certification carried out by Daterra—IBD, organic certificates can be issued only for the Brazil, USA and European countries.
PAGE: AUCTION POLICY
QUESTIONS AND DOUBTS
Please get in touch with daterracoffee@daterracoffee.com.br for all auction-related inquiries.
THE SAMPLE PACK
The sample pack's price is U$300, containing 15 samples of green coffee, 200g of each sample.
THE COFFEE LOTS
This online auction offers distinct lots of green coffee selected by Daterra Coffee for sale.
IMPORTANT
A bidder's responsibility is to evaluate samples of coffees to be auctioned regarding quality and appropriateness of use for specific purposes and customer needs. This involves a thorough sensory evaluation, including visual inspection, aroma assessment, and taste testing, to ensure the quality and characteristics of the coffee meet the bidder's expectations.
Attention to lot sizes. Some coffees are sold in 24.2kg vacuum-pack boxes, while some lots are 12.1kg vacuum-packed boxes. Each coffee lot is offered for sale at the auction under the agreement of the owner of the coffee lot.
Bidders have been provided the opportunity to obtain samples of the coffees sold through this auction. Suppose a Bidder does not receive a pre-auction sample of the coffee for which they are the highest bid, it will be considered a waiver of the successful bidder's legal right to object to conformity to the pre-auction sample in any subsequent dispute regarding the purchased lot. Interested bidders are strongly advised to request and confirm receipt of coffee samples for this auction. If a Bidder wins any lot(s) in the auction, the cost of one set of samples purchased will be rebated. The sample set will be sent with DAP (Delivery at Place) incoterm. Additional local fees may be charged – these are the sample set buyer's responsibility.
AUCTION DATES AND TIMES
The Internet Coffee Auction will take place on November 19th, 2024. Bidding will open at 14:00 GMT, and all lots will be open for bidding at the same time. Please pay attention to your time zone!
Auction times in your region:
06:00 am - Los Angeles
09:00 am - New York
11:00 am - São Paulo
02:00 pm – London
05:00 pm – Riyadh
10:00 pm – Shanghai
11:00 pm – Tokyo
11:00 pm – Seoul
01:00 am - Sydney (November 20th)
THE BIDDING PROCESS
- The bidding process is designed to be fair and transparent. All approved Bidders may bid at any time during the auction, with the highest Bidder in the final period of the auction being declared the purchaser of each particular Lot of coffee, subject to the opening price as a reserve price. Bids must be received on the Online Auction site before the close of the Auction of each Lot to be valid. Any approved Bidder is allowed to take part in the auction. The Auction site is designed for ease of use and for the ability to disseminate information immediately. Each Bidder is solely responsible for maintaining the confidentiality of any password used to access the Auction site.
- Each Bidder may make as many bids as they desire during the auction on any or all of the Lots offered for sale, subject to pre-arranged and confirmed bidding limits, if any, and financial approvals.
- Separate bids must be made for each Lot. Each Lot will be sold in total, and the successful Bidder will purchase the entire Lot. After the auction, if the opening price has been equaled or exceeded, the successful Bidder for each Lot shall be the Bidder who bid the highest for that Lot.
- The successful bidder for a lot will purchase only the coffee contained in that Lot; no rights, benefits, or discounts accrue to the successful bidder for additional or other coffee from the farm or cooperative that provided the Lot for sale through the auction.
Each Bidder can view the current high bid for a Lot at any time during the auction. Once entered, bids may not be revoked or withdrawn. Any subsequent higher bid, whether by the same Bidder or another, effectively extinguishes all prior lower bids.
OPENING AND CLOSING OF THE AUCTION
- All Lots will open and close together. There is no staggered opening or closing of Lots. After the Opening, the bidding may start. Once every lot in the auction has received a bid, a three-minute countdown will begin on all of the lots simultaneously. Any bid placed during the countdown period will trigger a countdown reset. Any bidder may bid on any lot at any time during this phase. A minimum bid increase of 0.10 dollars (ten cents) per pound is required from any prior bid throughout the auction.
- Proxy Bidding will be in effect for the entire duration of the auction. A bidder may place a bid in the auction system for the maximum bidder is ever willing to bid for an item. The auction system places a bid on the bidder's behalf. The auction system continues to bid on the bidder's behalf whenever another user's bid outbids the bidder until the maximum is exceeded or the auction is won.
- Additional bids will be accepted on any lot during the final countdown period if received within three (3) minutes of the last bid for that or any other lot. Any bidder may bid on any lot during the final countdown bidding period. Bidding on all lots will conclude, and the Online Auction will close when, after three (3) minutes, there are no more additional bids for any lot. A clock on the bidding site will indicate the time remaining for another bid to be placed on any or all of the lots or for the auction to end. The Internet has an inherent latency, which may vary depending on the Bidder's physical distance from the server and the speed of the Bidder's Internet connection. Internet latency means a delay between when the Bidder clicks the bid button and when the request reaches the Auction server. If the on-screen clock indicates only a few seconds remaining, a bid placed at that time may only make it to the server after the timeout condition automatically closes the auction.
- The identity of each Bidder will be anonymous and unknown to other Bidders before and during the Online Auction. The operators of the Online Auction site will provide the appropriate parties with the identity of the purchaser of each Lot after the auction is concluded to arrange for payment of the purchase price and to finalize shipping arrangements. Unless otherwise agreed to before the beginning of the auction, the identity of the highest bidder for each Lot and the identity of all Auction registrants will be made public information after the conclusion of the auction for purposes of media promotion and bidder development research.
-Any public use of, publication of, or posting on the Internet of screen captures, images, or descriptions of the Auction software, user interface, or software features is prohibited.
MINIMUM OPENING PRICE/RESERVE
- An opening price has been set for each Lot before the start of the auction, which will serve as a reserve price (minimum selling price). If the auction does not generate a price for a Lot that at least equals the opening price, the Lot will not have been purchased at the auction. If the bidding does not reach the reserve price, the lot will not be sold, ensuring the coffee is sold at a fair market value.
FINANCIAL TERMS
- All financial arrangements shall be made through each Coffee Lot's designated Exporter, details of which will be provided before the auction or with confirmation of purchase. The designated Exporter will be the successful Bidder's contractual counterpart for the shipment of any purchase.
- It is agreed to by all Bidders, through acceptance of these Terms and Conditions, that a Bidder agrees to pay for and take control of any coffee Lots which may be sold to them and which has been shipped per their instructions. Bidders also agree to be financially responsible for all bids made during the auction. Any financial arrangements and guarantees for payment by a Bidder are the sole responsibility of the Bidder and any guarantor of the Bidder. Neither M Cultivo nor Daterra Atividades Rurais Ltda. is responsible for the payment due from the successful Bidder or any guarantor.
- Payment for auction lots is due in FULL 15 days after the auction date. If the winning Bidder does not pay the due amount within this time, the lots will be offered to the bidder who placed the second-highest bid. Wire transfer is the payment method; payment in full is required before the coffee leaves the country of origin.
LOGISTICS TERMS
The buyer of the auction lot is responsible for shipping costs. All coffee will be shipped by air freight or consolidated with one of our partner's shipping. The logistics team will send the freight quotation for approval. All shipment incoterms are considered to be EWX.
Coffee lots must pass through customs, which may include tariffs, taxes, fees, etc., based on the destination country. Feel free to reach out to our logistics team for guidance on shipping options.
ORGANIC CERTIFICATION
Regarding the lot MATIELLO, Arara Organic Natural Aerobic 48 hours, we would like to inform you that, following the organic certification carried out by Daterra—IBD, organic certificates can be issued only for the Brazil, USA and European countries.