1. Terminology

Platform - website www.allfoods.market

Secure deal - This is an additional option that can be activated when concluding a deal on the platform in all sections (modules) except the “Tender” module. This function provides guarantees for the fulfillment of financial obligations by both the Seller and the Buyer. This option is provided as an additional intermediary service by the owner of the Platform, FN Fusion B.V. and authorized representatives of the company.

Seller -a legal entity registered and placing its goods on the platform for the purpose of sale.

Buyer - a legal entity registered on the platform for the purpose of purchasing goods posted on the platform by Sellers.

Trusted company - FN Fusion B.V. (owner of the www.allfoods.market platform), which acts as a guarantor for mutual settlements between the Seller and the Buyer during purchase/sale transactions on the platform using the “Secure deal” option.

2. General terms

2.1. The "Secure deal" option is used for the following modules:

«Advertises» - in this module, “Secure deal” is not mandatory and can only be applied with the mutual consent of both the Seller and the Buyer.

«Auction» - works only within the “Secure deal”

«Group Order» - works only within the “Secure deal”

«Tender» - "Secure deal" option does not apply

2.2. The “Secure deal” service is provided for trades/transactions made in the following currencies:

EUR and USD – for all sales regions

UZS – for Uzbekistan region

RUB – for Russia region

KZT – for Kazakhstan region

RSD – for Serbia region

2.3 When using the “Secure deal” option, all mutual settlements between the Seller and the Buyer go through the bank account of the Trusted Company. Mutual settlements are carried out within the terms Offer agreements.

3. Conditions of a “Secure deal" for the Buyer

3.1. When making a purchase on the platform under the “Secure deal” option, the Buyer is issued an invoice for payment of 100% of the purchase amount with the details of the Trusted Company. The Buyer must pay this invoice within 7 (seven) days (including the period for processing the payment by the bank) from the date of receipt. If payment is not received from the Buyer, the order for the purchase of goods is cancelled. Depending on the module in which the order was created, penalties provided for in paragraph 6 of these conditions may be applicable.

3.2. The buyer can top up his balance in advance (via a payment system or bank transfer) on the platform, taking into account planned purchases. In this case, when creating an order/account, the funds will be debited from its balance as part of the “Secure deal” service.

3.3. Funds received from the Buyer are frozen in the account of the Trusted Company until the Seller fulfills its obligations to deliver the goods to the Buyer.

3.4. After completing the Secure deal, in the absence of mutual claims, the funds will be transferred to the Seller’s balance.

3.5. In the event of complete or partial failure by the Seller to fulfill its obligations to the Buyer, by agreement of the parties, the amount of payment to the Seller and compensation to the Buyer must be agreed upon with the participation of the Trusted Company, the Seller and the Buyer. If the Seller and the Buyer do not agree on the amount of payment to the Seller or compensation to the Buyer, then the funds remain in the account of the Trusted Company until a court decision.

4. Conditions of the “Secure deal” for the Seller

4.1. Before selling his goods under the “Secure deal” conditions for the “Group Order” and “Auction” modules, the Seller makes a guaranteed deposit in the amount of 10% of the total amount of the intended sale. This deposit can be made by replenishing your balance (via a payment system or bank transfer) on the platform, transferring funds to the current account of the Trusted Company or by providing a Bank Guarantee. The deposit is inviolable until the “Secure deal” is completed. This deposit is needed to cover penalties for the Buyer if the Seller does not fulfill its obligations in whole or in part to the Buyer.

4.2. Once an order is created on the platform between the Seller and the Buyer, the Trusted Company receives payment for the order from the Buyer. The funds received from the Buyer are kept in the account of the Trusted Company until the Seller fulfills its obligations to deliver the goods to the Buyer.

4.3. After completing the “Safe Transaction”, the funds will be transferred to the Seller’s account.

4.4. In the event of complete or partial failure by the Seller to fulfill its obligations to the Buyer, by agreement of the parties, the amount of payment to the Seller and compensation to the Buyer must be agreed upon with the participation of the Trusted Company, the Seller and the Buyer. If the Seller and the Buyer do not agree on the amount of payment to the Seller or compensation to the Buyer, then the funds remain in the account of the Trusted Company until a court decision.

5. Commission of the Trusted Company for the “Secure deal” service

5.1. The Trusted Company's commission for the Seller is:

3% of the total deal amount for the Seller's Basic account

2% of the total deal amount for Premium and Enterprise accounts

5.2. An invoice for the “Secure deal” service with the amount of the commission is issued to the Seller after the successful completion of the transaction.

5.3. The costs for bank transfers are paid by the Buyer and the Seller independently.

6. Penalties

6.1. If the Seller does not fulfill its obligations to supply goods to the Buyer in the “Group Order” and “Auction” modules, then the amount of the guaranteed deposit is transferred to the Buyer’s account.

6.2. If the Buyer untimely cancels the order, then 10% of the cost of the goods is deducted from the amount of his payment under the “Secure deal” option (for the “Advertises” and “Auction” modules) and this amount is transferred to the Seller’s account.

6.3. If the Buyer untimely cancels the reservation within the “Secure deal” option for the “Group Order” module, then the prepayment of 10% made by him is not refundable, but is transferred to the Seller’s account.

7. Contacts

If you have any questions regarding the terms of use of the “Secure deal”, you can contact the Trusted Company at the contacts below: