Terms and Conditions
1. Nature of the System
The platform is a brokerage service only. It does not clear or settle trades.
Growers (Sellers, You) are responsible for managing their own orders, positions, and exposures in conjunction with advice from the Broker (us)
2. Submitting a Firm Order
When you place an offer (“Firm Order”), you authorise the brokerage to execute it at the price, quantity, and terms, or at best achievable terms where you have instructed “best execution”.
A Firm Order becomes binding when you confirm it through the platform or by phone with a broker.
Once confirmed, the brokerage may action the order immediately unless you have specified an expiry time.
3. Confirmation of Deals
All executed trades will be confirmed via email and platform.
You must review confirmations promptly and notify the brokerage of any issues immediately.
Once confirmed, both parties are fully bound by the terms of the deal.
4. Governing Trade Rules
All brokered transactions are governed by GTA Trade and Arbitration Rules and any additional terms agreed at the time of confirmation.
Price movements—domestic or international—do not affect the binding nature of a confirmed trade.
5. Order Accuracy & Responsibility
You are responsible for ensuring that all order details are correct when placing or accepting a bid/offer, including:
commodity
grade/bin classification
season
tonnes
price per tonne
price basis (e.g., site/location, BHC, Ex-Farm)
delivery point
expiry date
All grade and quality definitions follow the GTA standards.
6. Order Duration
A Firm Order remains active until:
executed,
withdrawn by you, or
expired as per your stated validity period (minimum GTD -good for day; for GTC – Good till cancelled).
It is your responsibility to manage, amend, or cancel your orders.
7. Execution Conditions
The platform does not auto-match price-crossing orders. A buyer must actively accept your offer and we as brokers are working to get you the best price.
8. Payment Terms & Counterparty Risk
Standard payment terms are 30 days from the end of week, unless agreed otherwise at confirmation.
Both buyer and seller accept counterparty risk.
The brokerage is not responsible for payment collection, defaults, or performance by either party.
9. Wash-outs & Disputes
Any wash-out requests must be negotiated through your broker.
The broker and platform operator are not responsible for quality or price defaults by either party.