TRADING RULESTrading Online - Your extra business opportunity
By using our trading system you can buy and sell malt and malting barley according to our Trading Rules
and
Terms and Conditions.
Explanation how the trading online system works:
1. General rules and restrictions:Befor you can trade on the site:
If you are selling we suggest proceeding as follows:2.1 View our requests at pages "View all malt requests" and "View all barley requests". If you are interested in one or several requests and you wish to accept these business transactions, you can accept them directly, by clicking button "Sell now". If you accept a request, you cannot refuse the conclusion of the transaction, therefore, accepting a request is a serious engagement for business conclusion. You will receive the confirmation contract of your transaction and detailed information about the buyer and the commission invoice due to be paid upon the delivery of merchandise within maximum 24 hours.
2.2 If you are interested in one or several requests, but some parameters of the request are not satisfactory, you may want to counter with a bid, by clicking button "Bid now" at pages "View all malt requests" and "View all barley requests". If the buyer accepts your bid, the transaction will be concluded and you will be informed by e-mail about the acceptance (or rejection) of your bid. If the buyer accepts your bid, you cannot refuse the conclusion of the transaction, therefore, giving a bid is a serious engagement for business conclusion. Once your bid is accepted, you will receive, within maximum 24 hours, the confirmation contract of your business conclusion, detailed information about the buyer and the commission invoice due to be paid upon delivery of merchandise. 2.3 If none of the requests is of interest to you, you can create your offer at pages "Create a malt offer" and "Create a barley offer". There are two pricing systems: Fixed or Spread Fixed price: enter your target price. You must enter a realistic market price. If you enter an unrealistic price level the system may reject the offer. The system is based on real time market information. If your price target is set too high or too low the system may reject the offer. Spread price: enter your minimum price and specify the period of validity (number of trading days). E-malt will list your offer first at the higher target price (2% higher than your given price in the form) and lower the price each day on a pro rata basis for the specified trading period until the offer is accepted (but not lower than the price you have specified in your offer). Since the listing does not indicate whether it is a 'fixed price' or a 'spread price', buyers will either grab the chance or take the risk of missing the business opportunity. After registering, your offer will appear in our trading list ("View all malt offers" or "View all barley offers")within maximum 24 hours and will be available during the trading period chosen by you. You can delete a specific offer, registered by you recently (at "Delete a malt offer" or "Delete a barley offer"), but only, if this offer is not yet published in the trading list ("View all malt offers" or "View all barley offers"). If a specific situation occurs, please send a message to the website manager: info@e-malt.com You will conclude a transaction if:
If your offer is accepted or you accept a bid on your offer, you cannot refuse the conclusion of the transaction; therefore, giving an offer or accepting a bid is a serious engagement for business conclusion. Once your offer is accepted or you accept a bid on your offer, you will receive, within maximum 24 hours, the confirmation contract of your business conclusion, detailed information about the buyer and the commission invoice due to be paid upon delivery of merchandise. After expiration of trading period, if there is no bid for your offer and nobody accepts your offer, we will inform within maximum 24 hours.
If you are buying we suggest proceeding as follows:3.1 View our offers at pages "View all malt offers" and "View all barley offers". If you are interested in one or several offers and you wish to accept this business transactions, you can accept them directly, by clicking button "Buy now". If you accept an offer, you cannot refuse the conclusion of the transaction, therefore, accepting an offer is a serious engagement for business conclusion. You will receive the confirmation contract of your transaction and detailed information about the seller within maximum 24 hours. 3.2 If you are interested in one or several offers, but some parameters of the offer are not satisfactory, you may want to counter with a bid, by clicking button "Bid now" at pages "View all malt offers" and "View all barley offers". If the seller accepts your bid, the transaction will be concluded and you will be informed by e-mail about the acceptance (or rejection) of your bid. If the seller accepts your bid, you cannot refuse the conclusion of the transaction, therefore, giving a bid is a serious engagement for business conclusion. Once your bid is accepted, you will receive, within maximum 24 hours, the confirmation contract of your business conclusion and detailed information about the seller. 3.3 If none of the offers are of interest to you, you can create your request at pages "Create a malt request" and "Create a barley request". There are 2 pricing systems: Fixed and Spread Fixed price: enter your target price. You must enter a realistic market price. If you enter an unrealistic price level the system may reject the request. The system is based on real time market information, if your price target is set too high or too low the system may reject the request. Spread price: enter your maximum price and specify the period of validity (number of trading days). E-malt will list your request first at the target price (2% lower than your given price in the form) and raise the price each day on a pro rata basis for the specified trading period until the request is accepted. (But not higher than the price you have specified in your request). Since the listing does not indicate whether it is a 'fixed price' or a 'spread price', sellers will either grab the chance or take the risk of missing the business opportunity. After registering, your request will appear in our trading list ("View all malt requests" or "View all barley requests") within maximum 24 hours and will be available during the trading period chosen by you. You can delete a specific request, registered by you recently (at "Delete a malt request" or "Delete a barley request"), but only, if this request is not yet published in the trading list ("View all malt requests" or "View all barley requests"). If a specific situation occurs, please send a message to the web-site manager: info@e-malt.com You will conclude a transaction if:
If your request is accepted or you accept a bid on your request, you cannot refuse the conclusion of the transaction; therefore, giving a request or accepting a bid is a serious engagement for business conclusion. Once your request is accepted or you accept a bid on your request, you will receive, within maximum 24 hours, the confirmation contract of your business conclusion and detailed information about the seller. After expiration of trading period, if there is no bid for your request and nobody accepts your request, we will inform within maximum 24 hours.
4. Commissions:Malt commission: Sellers are to pay a commission of 0.5% of contract value. Barley commission: Sellers are to pay a commission of 0.4% of contract value. Payment of commission At the moment of business conclusion, the seller receives the commission invoice due to be paid upon delivery of merchandise.
The clients should keep E-Malt informed about delivery schedule.
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