TRADE TERMS AND CONDITIONS FOR THE INPUT SUPPLIERS OF COPMA

1. Supplier: Afrisharp Investment Limited, Gombe State.
2. Authority: any official representative of both parties
3. Parties: any organization involved in this TTC (Trade Terms and Conditions).
4. Goods: any input to be supplied.
5. COPMA/PMT: Commodity authorised body.
6. Delivery Period: The supplier shall only deliver the goods within 7 days after an express written order to do by COPMA/PMT.
7. Place of Delivery: The supplier shall deliver the goods to the nominated centres as detail in the Written Order of Delivery or any other centre at the date and time specified and agreed by the parties.
8. Delivery shall deem to be completed upon receipt of COPMA/PMT signed evidence of delivery by either the driver conveying the goods or authorised personnel.
9. Other specifications (if any): any additional supplied not specified in the written order shall be deem if it completed the entire delivery requirements and given specified authority order.
10. Payment Terms: within of period of 30 Days from the date supplied completed after presentation of all evidence/documents of supply.
11. The COPMA/PMT management shall charge a market development service fee of 2.5% of the cost of price of every input delivered.
12. The parties shall agree that any unused goods shall be returned to the supplier on or before the expiration of the 30 days payment period at no additional cost to the purchaser or the guarantor.
13. The Cost, Insurance, Freight, Taxes and Fees associated with the supply (Loading and Uploading inclusive) and delivery of goods shall be supplier cost.
14. Any variation to the above terms and conditions must be in writing and sign by the duly authorised representatives of the supplier and COPMA/PMT.
15. The suppliers shall send their representatives to any distribution centre to witness the disbursement and possess a signed document by individual farmer of the input collected and redeem the remaining input not collected by farmers.
16. The suppliers shall pay One Hundred Thousand Naira Only (N100,000.00) to the COPMA Account as registration fee, to the COPMA suppliers forum with details below:
    1. Bank Name: Union Bank/Keystone Bank
    2. Account Name: Cotton Producers and Merchant Association
    3. Account Number: 0083092870 (Union Bank)
    4. Account Number: 1007008093 (Keystone Bank)
17. Capacity Assessment
    1. Copy of Incorporate registration document with CAC.
    2. Branches Address if any.
    3. Evidence of transaction with any other organisation.
    4. Specification Mark the correct one.
       

           Manufacturer

           Producer

           Supplier

18. Returned the completed form to infor@copma.com.ng and attached the Bank Teller for verification.
19. The Portal shall be closed by 2:00pm on Tuesday 9th July, 2019 and the written Order of Delivery (WOD) shall be issued to registered suppliers immediately on Wednesday 10th July, 2019.
20. The input distribution shall be commenced on 13th July, 2019 for the time constraint.

SIGNED ON BEHALF OF THE PARTIES AS FOLLOWS:

FOR THE SUPPLIER:

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FOR THE COMMODITY: COPMA/PMT: