Terms of Use

Effective Date: January 18th, 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. References to "user" in these Terms refer to the Customer.

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 price of the IMPORT Token has no maximum, its minimum is zero (0).
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.

4. Platform Services

4.1 IMPORT Tokens: Purchase

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 IMPORT Tokens: Sale

IMPORT Tokens can be sold back to the Platform at current market pricing. Payments for sold IMPORT tokens are processed within five business days from the transaction order date. The lock-up term for IMPORT Tokens is six months. IMPORT Tokens can be sold no earlier than six months after purchase.

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.

4.4 Account terminiation

The company may deplete all Tokens in customer's account and return to the customer the original amount that was paid to purchase the IMPORT Tokens.
1) Account suspension due to suspicion of illegal activity.
2) in compliance to a legal requirement.
3) Any time and for any reason in our sole discretion.

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

No information and/or Content made available by and through the Platform is or should be considered advice or recommendation or an invitation to enter into an agreement for any investment purpose. Further, no element of the Product qualifies or is intended to be an offering of securities in any jurisdiction, nor does it constitute an offer or an invitation to purchase shares, securities or other financial products. IT REMAINS YOUR SOLE AND EXCLUSIVE RESPONSIBILITY TO ASSURE THAT THE PURCHASE AND SALE OF THE IMPORT TOKEN COMPLIES WITH LAWS AND REGULATIONS IN YOUR JURISDICTION AND ALL APPLICABLE JURISDICTIONS.

6.1 Prohibited Users

The services on this Platform are not available to (i) individuals or entities (including those owned or controlled by individuals) that are the subject of economic or trade sanctions administered or enforced by any governmental authority or otherwise designated on any list of prohibited or restricted parties (including but not limited to the United Nations Security Council, the European Union, His Majesty’s Treasury of the United Kingdom of Great Britain and Northern Ireland (the “UK Treasury”), and the U.S. Department of Treasury); (ii) individuals or entities placed on the “Denied Persons List” by the Bureau of Industry and Security of the United States Department of Commerce; or (iii) residents and citizens or entities located in or incorporated under the laws of any country, territory or other jurisdiction subject to a U.S. Government embargo, or that have been designated by the U.S. Government as a terrorist-supporting country, or is otherwise the subject of comprehensive country-wide, territory-wide, or regional economic sanctions by the United Nations, the European Union, the UK Treasury, or the United States, including without limitation Cuba, the Crimea, Donetsk, and Luhansk regions of Ukraine, Iran, North Korea, Russia, Syria, or Yemen (collectively, “Prohibited Users”).

6.2 Registration

You may be required to submit an applicable registration form. We reserve the right, in our sole discretion, to deny access to the Platform to anyone at any time and for any reason whatsoever.

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

IMPORT Token should not under any circumstances be considered an investment opportunity, investment contract, or security of any type. You assume all risks in connection therewith. This Plaform and its contents are for informational purposes only. No information and/or Content made available by and through the Platform constitutes or should be considered financial, investment, legal or other professional advice or recommendation. The IMPORT Token is not designed or intended as an investment opportunity, investment contract, or security of any type and should not be considered a financial investment. Further, no element of the services offered on this Platform qualifies or is intended to be a solicitation or an offering to buy or sell securities, financial products, or services, in any jurisdiction, nor does it constitute an offer or an invitation to purchase shares, securities or other financial products or services. IT REMAINS YOUR SOLE AND EXCLUSIVE RESPONSIBILITY TO ASSURE THAT THE PURCHASE AND SALE OF IMPORT Token COMPLIES WITH LAWS AND REGULATIONS IN YOUR JURISDICTION.

You are solely responsible for reporting and paying any taxes applicable to your use of the Platform or the purchase or sale of the IMPORT Token.

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 direct, indirect or consequential damages of using the Platform.
We purchase IMPORT Token back within five business days after the order date. This is not guaranteed. It may take longer when there is limited market liquidity.

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 the price of IMPORT Token. 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.

Customer data is stored in the European Union (EU). All data is safeguarded and protected by Company. 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.

12.1 Modification of Terms of Use

We reserve the right to amend the Terms and Conditions and/or the Platform from time to time without notice to you. The Terms and Conditions will be posted on the Website, and you should review the Terms and Conditions prior to using, reusing, accessing or re-accessing the Platform. By your continued use of the Platform, you hereby agree to comply with, and be bound by, all of the terms and conditions contained within these Terms and Conditions effective at that time.

11. Contact Information

For inquiries or support:

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