Terms and Conditions
Auction policy
QUESTIONS AND DOUBTS
Please contact juliana.sorati@daterracoffee.com.br for all
auction-related inquiries.
THE SAMPLE PACK
The sample pack's price is U$260, containing 15 samples of
green coffee, 200g each sample.
THE COFFEE LOTS
The coffee being offered for sale through this Internet
Auction consists of individual distinct lots of green coffee which
were selected by Daterra Coffee and/or its agents. NOTE: It is the
responsibility of a bidder to evaluate samples of coffees to be
auctioned regarding quality and appropriateness of use for specific
purposes and customers needs.
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
agreement of the owner of the Coffee Lot.
Bidders have been provided prior opportunity to obtain
samples of the coffees being sold through this Auction. If a Bidder
does not receive a pre-auction sample of the coffee for which the
Bidder is the highest offer to purchase during the Auction it will
be deemed a waiver of the successful bidder’s legal right to object
to conformity to pre-auction sample in any subsequent dispute
regarding the purchased lot.
It is strongly advised that interested bidders request and
confirm receipt of coffee samples for this Auction.
If a Bidder is the winner of any lot(s) in the Auction, the
cost of one set of samples purchased will be rebated.
AUCTION DATES AND TIMES
The Internet Coffee Auction will take place on Nov 19, 2019
(U.S.) The Auction will open for bidding at:
14:00 GMT. All Lots will be open for bidding at
the same time. Please pay attention to your timezone!
• 06:00 AM - Los Angeles
• 09:00 AM - New York
• 11:00 PM - Sao Paulo
• 14:00 PM - London
• 21:00 PM - Jakarta
• 22:00 PM - Shanghai
• 23:00 AM - Tokyo
• 01:00 AM - Sydney (20th November)
THE BIDDING PROCESS
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
Internet Auction site prior to 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
duration of 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 individual Lot. Each Lot
will be sold in total; the successful Bidder will be purchasing the
entire Lot. At the conclusion of the Auction, and 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 be purchasing 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 a Lot for sale through the
Auction.
Each Bidder will be able to view the current high bid for a
Lot at any time during the Auction. Bids once entered may not be
revoked or withdrawn. Any subsequent higher bid, whether by the
same Bidder or another, shall effectively extinguish 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 reset of the
countdown. Any bidder may bid on any lot at any time during this
phase. There is a required minimum bid increase of 0.10 dollar (ten
cents) per pound 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
absolute maximum that the 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
bidder is outbid by another user’s bid, until the maximum is
exceeded or the auction is won.
During the final countdown period additional bids will be
accepted on any lot as long as that bid is received within three
(3) minutes of the last bid for that lot or any other lot. Any
bidder may bid on any lot at any time during the final countdown
bidding period. Bidding on all lots will conclude and the Internet
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 in which another bid must be placed on
any or all of the lots or the auction will end. The Internet has an
inherent latency which may vary depending on the Bidder’s physical
distance from the server and also by the speed of the Bidder’s
Internet connection. Internet latency means that there is a delay
between the time the bid button is clicked by the Bidder and the
time the request reaches the Auction server. If the on-screen clock
indicates only a few seconds remain, a bid placed at that time may
not make it to the server before the time out condition
automatically closes the auction.
The identity of each Bidder will be anonymous and unknown to
other Bidders prior to, and during, the Internet Auction. The
operators of the Internet Auction site will provide the appropriate
parties with the identity of the purchaser of each Lot after the
Auction is concluded, for purposes of arranging for payment of the
purchase price, and to finalize shipping arrangements. Unless
otherwise agreed to prior to 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, 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 prior to 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.
FINANCIAL TERMS
All financial arrangements shall be made through each Coffee
Lot’s designated Exporter, details of which will be provided either
prior to the Auction or in conjunction with confirmation of
purchase. The designated Exporter will be the successful Bidder’s
contractual counterpart for the shipment of any purchase.
Sponsors of the Internet Coffee Auction reserve the right to
set a maximum value limit of consolidated bids that any one Bidder
may submit during the Auction Event. A Bidder will be contacted if
additional financial information is necessary prior to the Bidder
receiving their user name and password, including pre-auction
credit clearance, prior to participating in the Internet Auction.
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 him or her, and/or
which has been shipped per his or her instructions. Bidders also
agree to be financially responsible for all bids made during the
Auction. Any financial arrangements and/or guarantees for payment
by a Bidder are the sole responsibility of the Bidder and any
guarantor of the Bidder. Neither Cropster nor Daterra Atividades
Rurais Ltda. of Brazil are responsible for the payment due from the
successful Bidder or any guarantor of the Bidder.
Payment for auction lots is due in FULL 15 days after the
auction date. Wire transfer is the preferred method of payment
however there may be other acceptable payment options available.
Contact your auction representative for details. For destinations
that are not served by our certified coffee importers, payment in
full is required prior to the coffee leaving the country of origin.
The buyer of the auction lot is responsible for shipping
costs whether you choose air freight, shipment on a consolidated
container, or any other method. In the United States, Japan and
Europe, coffee lots will be distributed through our certified
coffee importers who may add a shipping and handling fee or other
charges. All shipment incoterms are considered to be EWX unless
otherwise indicated.
Coffee lots must pass through customs which may include
tariffs, taxes, fees, etc, depending on the destination country.
Please contact your auction representative for advice on shipping
options.