CSX’s mission is to provide a trusted and transparent carbon marketplace that enables land managers and owners (‘Sellers‘) to sell Carbon Credits from a particular Project on the Seller’s land to corporate entities and other undertakings (‘Buyers‘) who wishes to offset their carbon footprint.
‘Carbon Credits‘ represent measurable, verifiable emission reductions and/or sequestration from climate action projects, which have been designed to reduce, remove or avoid the emission of carbon dioxide (‘Project‘). Each Carbon Credit represents one tonne of carbon dioxide equivalent. After the Buyer purchases a Carbon Credit, that Carbon Credit is registered in favour of the Buyer so that it cannot be re-purchased by another buyer. The Buyer will receive a certificate, which formally confirms that the Carbon Credit has been registered in the Buyer’s name.
As part of a transaction, the Buyer will also receive information relating to the provenance and assessment of, and story behind, its Carbon Credits which may include, for example, drone footage or photographs of the Project (‘Associated Story’), which will enable a Buyer to demonstrate transparency and verifiability in respect of its carbon offsetting measures to its customers and stakeholders.
‘Carbon Package’ shall mean the Carbon Credit(s) and Associated Story relating to a particular Project listed on the CSX Platform.
1. CSX’S RELATIONSHIP TO YOU
1.1 CSX act an as intermediary between Sellers wishing to sell, and Buyers wishing to purchase, a Carbon Package. You agree and acknowledge that CSX is only a party to the Carbon Credit Contract to the extent of its right and obligations under the contract. CSX is not liable for any obligations of the Buyer or the Seller arising under or in connection with the Carbon Credit Contract. The Buyer and Seller shall not amend or vary any terms in the Carbon Credits Contract, which relate to CSX’s rights and obligations.
1.2 CSX carry out reasonable checks to verify the identity and authority of each Seller and Buyer, but CSX cannot offer any guarantee or assurance that a Buyer or a Seller will complete a transaction.
2. SALE AND PURCHASE OF CARBON CREDITS
2.1 The Seller appoints CSX as its agent to broker the sale of the Carbon Package(s), which the Seller is offering for sale on the CSX Platform to potential Buyers.
2.2 If a Buyer is interested in a particular Carbon Package, the Buyer will submit an enquiry through the CSX Platform. CSX will review the enquiry and verify if the Buyer meets the eligibility criteria to proceed. The Buyer must only purchase a Carbon Package(s) for its own benefit, the Buyer is prohibited from purchasing the Carbon Credits on behalf of another entity as broker, agent or otherwise. It is at CSX’s absolute discretion whether to proceed with an enquiry from a Buyer and CSX shall have no liability for failing to respond or rejecting the enquiry.
2.3 If CSX proceeds with the Buyer’s enquiry, CSX will act as intermediary between the Seller and Buyer to agree terms of the sale and purchase of the Carbon Package (‘Transaction‘).
2.4 The Buyer’s enquiry and subsequent correspondence shall amount to offers and the Transaction shall not be confirmed until the Buyer, Seller and CSX have entered into the Carbon Credits Contract. The Carbon Credits Contract shall take effect on the date on which a copy signed by each of the Buyer and the Seller has been sent to email@example.com and signed by CSX (‘Completion‘).
2.5 Following Completion, CSX shall deliver to the Buyer a copy of the Associated Story.
2.6 CSX shall also provide the Buyer with:
- a certificate issued by CSX certifying that the Carbon Credit(s) purchased have been registered in favour of the Buyer; and
- if applicable, any other certificates associated with those Carbon Credit(s) which may have been issued by a recognised standards body,
(together, the ‘Carbon Credit Certificate(s)‘).
3. DISPUTES AND COMPLAINTS
3.1 Any disputes that arises between a Seller and a Buyer in connection with a Carbon Credits Contract will be resolved directly between the Seller and the Buyer. However, each party shall promptly notify CSX of the dispute and provide reasonable information setting out the circumstances of the dispute.
3.2 You may also notify CSX if you would like to make a complaint in relation to the conduct of a Seller or Buyer. However, CSX shall be under no obligation to take any action in respect of a complaint.
3.3 Any notices given under this paragraph 3 by a Buyer or Seller to CSX must be sent to firstname.lastname@example.org.
4. ADDITIONAL SERVICES
4.1 The CSX Platform offers a forum for the sale and purchase of Carbon Credits and the Associated Stories between Buyers and Sellers only. CSX excludes all liability in connection with any additional services and/or products, which the Seller agrees to provide to the Buyer (for example, team corporate days at the Seller’s land) and the Buyer and Seller shall agree separate terms for the provision of those services and/or products.
4.2 CSX may, from time to time, offer you additional services. It is at CSX’s absolute discretion whether to provide you with such services. The terms and conditions on which CSX will provide you with any additional services will be governed by a separate terms.