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AGRI NETWORKING TOOLS Trade Deal Platform

What is the AGRI NETWORKING TOOLS Trade Deal Platform (TDP)?: It is a platform, dedicated to trade between businesses (B2B) agricultural, semi-finished and finished products.
What can you do on the platform?: It is possible to sell and/or to buy products defining all terms and conditions that make the deal a proper contract between parties.
Who can negotiate/ finalize deals on the platform?: Users are physical people who have to be registered on the platform and that act on behalf of companies.
Which products can be traded on the platform?: All raw materials, semi-finished and finished goods; all products tradeable on platform have to be described by a well defined technical specification (available on the platform) to avoid possible misinterpretations.
Is it possible to add new products?: Yes; it is sufficient to ask the platform Administrator for the new product providing the technical specification in a proper document.
Who is in charge of negotiations?: Buyers and sellers who act on behalf of companies for which they registered.
Why are the contracting parties committed to agreed T&C of the deal?: Because when registering on the platform they formally accepted to commit to all commercial T&C agreed on the platform.
Are any payments performed on the platform?: No, AGRI NETWORKING TOOLS is not meant to manage money transfer. The Platform is not taking any responsibility for misbehaviour of any of the users acting on it.
Are my contract details public?: In no way details on each and every contracts are made available for any third parties.
How is the product quotation calculated?: When number of contracts related to a specific product is significant, the system calculates weighted average price so feeding the graph curve and making it available to the market.
Who can see product quotations?: Everyone entering www.ant-program.com even if not registered yet
Liability limits of AGRI NETWORKING TOOLS: The liability limits of AGRI NETWORKING TOOLS are exhaustively explained in terms and conditions of use (T&C).
How can I be ensured that counterpart is reliable?: Being all registered, users form a community that is able to cross-check against misbehaviours; any misbehaviour can be reported to AGRI NETWORKING TOOLS Administrator that is entitled to cancel unreliable Users from users list.

Registration

What information is required for registration?: Some personal info of the user and base info of the company for which the user works, as the user is called to contract on behalf of the company.
Why does AGRI NETWORKING TOOLS require documents for verification of users identity?: AGRI NETWORKING TOOLS needs to check identity of the user since acting on behalf of the company he/she declares he/she works for.
Is it possible to add more than one contact person per company?: Yes, there is no limit in the number of users that can be registered for a specific company.
Is it possible to add more than one address per company?: Yes, beside the address for the "legal entity", it is possible to add as many addresses as the number of pick up/delivery points the company needs to have.
Google maps – why? Is this mandatory?: It is not mandatory to define an address thru google maps but it is a great support to exactly localize pickup/delivery sites.

Negotiations

Which types of negotiation are available on AGRI NETWORKING TOOLS Trade Deal Platform?: First type of negotiation is “direct negotiation (RFP)”. This will be followed by “bid on price” and “bid on volumes”.
How does negotiation run?: Whoever wants to sell or to buy a product, creates an "event" defining on the platform all terms & conditions proposed for the deal. This event is notified to all registered users who can immediately respond by accepting the proposal, thus closing the deal (the first that agrees makes the deal), or by submitting changes to one or more terms of the proposal until an agreement with the creator of the event is reached.
What happens when a deal is finalized?: At the closing of a deal, the AGRI NETWORKING TOOLS system generates two documents to each of the parties: the contract between seller and buyer and the service contract between each party and AGRI NETWORKING TOOLS.

Categories and products

Which products can be traded on the platform?: All raw materials, semi-finished and finished goods across all agro-foods segments both commodities or branded; all products tradeable on platform have to be described by a well defined technical specification (available on the platform) to avoid misinterpretations.
Is it possible to add new products?: Yes; it is sufficient to ask the platform Administrator for the new product providing the technical specification in a proper document.
Is it possible to trade own branded products with own specification?: Sure; it is sufficient to ask platform Administrator to add this new product, providing the technical specification.

Direct negotiation

What is a "direct negotiation" (RFP)?: It is the negotiation between the user that created the event and another registered user; the event creator can run, in parallel, multiple negotiations with multiple users on the same event till the closing.
Are there more types of "direct negotiation"?: Yes, there are basically two types:
1) to define just one contract with one counterpart for the entire volume (single contract)
2) to define multiple contracts with multiple counterparts in the case of the need to break the entire business into fractions (partial contract)
How to start a "direct negotiation (RFP)?: A registered user creates an "event" (sale/purchase) for a defined product, setting all required commerical T&Cs needed to set a binding contract.
Who is informed on the event opening?: All registered users will be notified by the AGRI NETWORKING TOOLS system that an event has been created.
How to close a deal?: If a registerd user considers all T&Cs requested by the event creator as acceptable, he/she can "buy/sell now" for closing the deal. If a registered user wants to set a counter proposal, he/she can modify some T&Cs to be submitted to the event creator. If nobody goes for a "buy/sell now" option, the event creator decides to whom to assign the business once the negotiation lands to acceptable conditions.
What happens when a deal is finalized?: At the closing of a deal, the AGRI NETWORKING TOOLS system generates two documents to each of the parties: the contract between seller and buyer and the service contract between each party and AGRI NETWORKING TOOLS.

Bid

What is a "bid"?: It is a negotiation process during which more competitors simultaneously compete to win a business.
How many types of bid do exist?: AGRI NETWORKING TOOLS manages two bid types:
1) Bid on price: competitors compete offering the best price to gain the business, all other T&Cs given
2) Bid on volume: competitors indicate how much of the offered volume they would buy at a given price; Bid owner can adjust the price to make the match between offered and required volumes.
How to start a bid?: A registered user creates a bid event (to sell or to buy / on price or on volume) defining all required T&Cs, a specific opening day/time and bid duration; he also decides whom to invite to the bid.
Who is informed on the incoming bid?: All invited users will receive an alert by the system on the incoming bid event. All registered users will find the bid event listed in the "event banner" but, in order to be part of it, need to apply for an invitation to the bid creator (thru platform functionalities).
How does negotiation run?: 1) Bid on price: competitors will adjust price offer; system returns info on best price level without disclosing who other competitors are. New, higher bids can be made until the scheduled end of the auction.
2) Bid on volumes: competitors communicate how much of the total volume in the event they are available to deal on at a given price level; bid owner adjusts the price to make the match between offered and required total volumes.
What happens when a deal is finalized?: At the closing of a deal, the AGRI NETWORKING TOOLS system generates two documents to each of the parties: the contract between seller and buyer and the service contract between each party and AGRI NETWORKING TOOLS.

Communications / Informations

Where can I find information on planned and running events and price developments of closed / finalized deals?: As soon as you enter the AGRI NETWORKING TOOLS Trade Deal Platform using your log in data, your personal AGRI NETWORKING TOOLS Dashboard presents an overview on prices and trends and open events.
How can I communicate with counterpart during a negotiation?: In the "negotiation" page on the platform there is a specific section to run communication back and forth between event creator and counterparts.
How can I communicate with AGRI NETWORKING TOOLS?: At the bottom of the "landing page" (www.ant-program.com) there's a specific box to send messages to the AGRI NETWORKING TOOLS Administrator
Who is able to see my profile on AGRI NETWORKING TOOLS Trade Deal Platform?: Your profile is visible to other members of the AGRI NETWORKING TOOLS Trade Deal Platform and the AGRI NETWORKING TOOLS team.
Which information of my AGRI NETWORKING TOOLS account is visible to other registered users?: The registered users of the AGRI NETWORKING TOOLS Trade Deal Platform can see:
- company name (and logo if uploaded)
- your photo (if uploaded)
- your first name and last name

Payment

Will the payment of a contract closed on the platform be run by AGRI NETWORKING TOOLS SRL?: No, AGRI NETWORKING TOOLS has no role in regulating closed contracts through the platform between seller and buyer. AGRI NETWORKING TOOLS has no responsibility with regard to delivery delays, the quality of the products delivered, the payment due etc.
What does it cost to use AGRI NETWORKING TOOLS Trade Deal Platform?: 1) Registration: free of charge
2) Creating an event: free of charge (there is a commitment to match a minimum amount if the negotiation does not end with a contract)
3) Participating in a negotiation without being able to close the contract: free of charge
4) Closing a contract: Both contracting parties will be required to pay a service fee measured as a certain percentage rate of the value of the contract; The percentage rate varies from product to product (visible on the list of products admitted to the platform handling)
Do we receive an AGRI NETWORKING TOOLS service fee invoice after every contracted deal?: No, users will receive a comprehensive monthly invoice for all the contracts closed in the period
What payment forms does AGRI NETWORKING TOOLS accept for the service fee?: Bank transfer

Data security

Does AGRI NETWORKING TOOLS ensure data privacy?: AGRI NETWORKING TOOLS SRL ensures that all personal information and information related to negotiations and contracts are protected with the highest security standards. Data privacy is set in the T&Cs for the use of the platform that have been agreed during user registration.

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