Terms of Use

Effective Date: January 1st, 2025

Welcome to IMPORT Token. By using the IMPORT Token platform ("Platform") operated by BCN B.V. ("Company"), you ("customer") agree to comply with these Terms of Use. Please read them carefully. If you do not agree to these terms, you may not use the Platform.

1. Definitions

1.1 The Company

BCN B.V. operates the IMPORT Token Platform. References to "we," "our," or "us" in these Terms refer to BCN B.V.

1.2 The Platform

The Platform refers to the website and services available at https://import.eu/ and related domains, allowing Users to purchase and manage IMPORT Tokens, a proprietary digital product.

1.3 The Product

The IMPORT Tokens is a digital, non-transferable product designed to follow the pricing of CBAM (Carbon Border Adjustment Mechanism) certificates. IMPORT Tokens are not financial instruments, securities, or substitutes for CBAM certificates.

1.4 The Customer

The "customer" refers to any individual or entity that registers for an account or interacts with the Platform, including businesses and natural persons.

2. Acceptance of Terms

By registering on the Platform, you affirm that:

  • You are at least 18 years old or the age of majority in your jurisdiction.
  • You have the legal capacity to enter into a binding agreement.
  • If you represent a company, you are authorized to bind the entity to these Terms.

3. Digital Product

IMPORT Tokens are fully digital products. By purchasing IMPORT Tokens, you acknowledge and agree that:

  • IMPORT Tokens are non-transferable and cannot be sold or traded outside the Platform or to a third party.
  • IMPORT Tokens have permanent validity.
  • The value of the IMPORT Token has no maximum or minimum limit.
  • IMPORT Tokens do not represent legal tender, securities, or equivalent financial assets.
  • There is a maximum number of IMPORT Tokens a customer can purchase. This number is dynamic and the outcome of continuous risk management efforts. There is no maximum to the number of IMPORT Tokens a customer can sell at any time.

4. Platform Services

4.1 Purchasing IMPORT Tokens

Customers can purchase IMPORT Tokens through their Platform account. Upon purchase, a custom invoice is produced by the Platform. The invoice is considered a 'payment intent'. If we do not receive the funds within 10 business days, the invoice is rendered 'expired'. IMPORT Tokens are added to customers' account when the funds are received by the Company. Banking details that are registered when the first purchase is made, can be altered only with approval of Company.

4.2 Selling IMPORT Tokens

Customers can sell IMPORT Tokens back to the Platform at current market pricing. Payments for sold IMPORT tokens are processed within five business days from the transaction order date. IMPORT Tokens are deducted to customers' account on the day the funds were wired by Company to Customer.

4.3 Pricing Mechanism

The price of IMPORT Tokens follows the price of CBAM certificates, which are tied to the EUA (European Union Allowances) market under the EU ETS (Emissions Trading System). IMPORT Token price is published within 48 hours after publication by EEX for the EU markets.

5. Fees and Taxes

5.1 Transaction Fees

  • Purchases: 4.90% platform fee (minimum platform fee: 5.00 euros).
  • Sales: platform fee of 15.00 euros per transaction.

5.2 VAT

For EU-based customers, VAT is applied when an invoice or credit memo is created, in accordance with the governing tax laws.

6. Customer Obligations

Customers must:

  • Provide accurate registration details and maintain the confidentiality of their login credentials.
  • Refrain from using the Platform for any fraudulent or unlawful purposes.
  • Ensure compliance with their jurisdiction’s laws regarding digital products.

7. Limitations and Disclaimers

The Company provides IMPORT Tokens as-is and disclaims all warranties, express or implied, including but not limited to merchantability or fitness for a particular purpose.

The Company is not liable for:

  • Any indirect or consequential damages of using the Platform.
  • Although an adequate amount of funds is held in reserve, payouts within five business days may not be guaranteed under extreme circumstances and could require a longer waiting period. Management will communicate any such delays.

8. Software use

  • All materials, such as texts, graphics etc. are licensed or owned by the Company. The use or copying of any of the materials on the website without explicit consent from the organization is prohibited.
  • Unauthorized use or access of the Platform is strictly prohibited.
  • The Company makes an effort to keep its website and resources available at all times in good faith. The Company is not responsible for interruption in services due to cloud infrastructure failures or acts of God.
  • The English notation is used for values in euros. For example: € 1,000.50 equals one thousand euros and fifty eurocents. Any number of IMPORT Tokens are mentioned as whole numbers, not fractional.

9. Privacy Policy

The Company collect only the necessary personal information, such as customer's name, email, and transaction details, to facilitate the use of IMPORT Token services. Customer information is used solely for the operation of IMPORT Token services, including account management, transaction processing, and customer support. Customer personal data will not be shared with any third parties under any circumstances unless required by law. We employ advanced encryption protocols and secure storage systems to safeguard your information. Regular security audits are conducted to maintain the integrity of our systems.

10. GDPR

Customer data is stored, safeguarded and protected by BCN B.V. Customer has the right to know which personal data the Company keeps. If customer requests, the Company shall correct any customer related data. Full deletion is possible upon request. Refer to Contact section below to address any privacy or legal related issues.

11. Cookies Used on the Platform

11.1 Google Analytics Cookie

This Cookie Policy explains how cookies are used on the Platform to enhance your customer experience while maintaining your privacy.

  • Purpose: To collect anonymous data on website traffic and customer behavior to improve site performance and usability.
  • Data Collected: Non-personalized, aggregated data (e.g., pages visited, time spent on the site).
  • Usage: The data helps us understand how visitors interact with our site.

11.2 IMPORT Token Session Cookie

  • Purpose: To remember that a customer has an account and display the login tab for their convenience.
  • Data Collected: None. This cookie does not store any personal or identifiable information.
  • Usage: Solely for customer interface customization.

You can manage or disable cookies through your browser settings. Please note that disabling cookies may affect the usability of some website features, such as the automatic display of the login tab.

12. Governing Law and Dispute Resolution

These Terms are governed by the laws of the Netherlands. Any disputes will be resolved in the competent courts of the Netherlands.

11. Contact Information

For inquiries or support:

By using the Platform, you confirm that you understand and agree to these Terms of Use.