CO2 Cards Ltd gives both companies and private individuals the opportunity to determine their greenhouse gas emissions and compensate them through Carbon Offsetting by Supporting UN Certified Projects listed on the CO2 Cards Ltd’s website. CO2 Cards Ltd collaborates with third party verified carbon offset projects which reduce greenhouse gas emissions directly at the source.
CO2 Cards Ltd undertakes to use the CO2 offset payments it receives from companies and private individuals to support carbon offset projects chosen by that same company or individual.
CO2 Cards Ltd, is a company existing under the laws of Bulgaria, whose registered office address is: 8, “Tzar Kaloyan” St, Sofia 1000, Bulgaria, VAT BG 203896932. Email: email@example.com
1/ This Agreement is initially valid for 12 months from the date of this agreement, and is automatically extended after this period until the intention to terminate the present agreement is expressed in writing by either party, with 30 days notice.
2/ CO2 Cards Ltd works in the following areas in particular:
a) Carbon Emissions Assessment
b) Collaboration with certified green projects
c) Carbon Offsetting Services
d) Certification & Communication Services
3/ CO2 Cards Ltd calculates CO2 offset tonnages according to the latest available information from the World Bank considering average per capita carbon footprint on country basis. Although the calculation basis are regularly reviewed and revised, CO2 Cards Ltd disclaims any and all liability for their accuracy or timeliness.
4/CO2 Cards Ltd calculates CO2 offsetting exclusively on the basis of data provided by the company/the individual. In particular, CO2 Cards Ltd is not responsible for inaccurate, erroneous or incomplete client data or for calculation errors resulting from inaccurate, erroneous or incomplete client data.
5/ The client grants CO2 Cards Ltd access as needed to client-specific data for the aim of the carbon offsetting campaign. The client represents and warrants to CO2 Cards Ltd that the transmitted data is accurate and complete. CO2 Cards Ltd assumes no liability for consequential damages incurred by the client if the service provided by CO2 Cards Ltd is based on inaccurate, erroneous or incomplete client data.
1/ The Offsetting Commitment will be arranged upon instruction once the client has successfully made a payment. CO2 Cards will retire the Buyer’s Contract carbon emission reduction credits (VER) via the Registry
2/ For the avoidance of doubt, and for the purpose of this Agreement, the Retirement means the act of CO2 Cards giving instructions and transferring the Contract VERs for Retirement to the relevant Registry or other form of cancellation/nullification of the Contract VERs
1/ For every transaction, CO2 Cards issues a certificate with unique number, that states the amount of the CO2 reductions, the supported project and supporters details. We send the certificates to the client within 5 working days after the payment inspection has taken place.
2/ All certificates are available for download, printing and sharing at the customer’s employer or employee profile page at CO2 Cards website. We also keep records of all carbon offset activities of the client and can provide an annual statement upon request or other relevant documents.
3/ CO2 Cards provides it’s customers with a communication and marketing toolkit (see campaign materials Article 5.2) within 5 working days after the transaction/payment inspection is made.
1/ The Parties agree that the Unit Price for a carbon offset is 0.01 € per kg CO2 (10€ per Tonne CO2).
2/Carbon offset price is calculated by multiplying the Results from the Assessment (kg CO2) and the Unit Price per carbon offset.
1/ The Client can pay for carbon offsets through CO2 Cards webpage or via bank transfer.
2/ The Client may choose to pay monthly, quarterly or annually on a subscription basis. All recurring payments are automated and can be updated or canceled with 30 days notice.
3/ The Client receives an invoice after the payment if payment is made through CO2 Cards website.
4/ For other payment methods the Client shall pay to CO2 Cards the Price for the carbon offsets within fourteen (14) Business Days after the invoice is sent to the following account:
Account Holder: CO2 Cards Ltd
Bank Name: Societe Generale Expressbank BUlgaria
Bank Address: 73 Alexander Stamboliiski Boulevard, Sofia 1303, Bulgaria
Beneficiary Bank Swift Code: TTBBBG22
Account Name: CO2 Cards Ltd
Account number: BG06TTBB94001527392736
Account currency: Euro
5/ If payment is not received by CO2 Cards within the time limit of fourteen (14) Business Days, CO2 Cards may decide upon written notice:
a) to extend the time limit of payment for up to ten (10) business days.
b) to terminate the contract with no further obligations.
6/ In case of Late Payment,CO2 Cards will be entitled to interest at the rate of LIBOR plus 10% per annum, in the invoiced amount from (and including) the due date for payment, until (and excluding) the date of receipt of that payment together with all accrued
interest on it.
Refunds will be given to clients when errors occur at the point of transaction. These instances may include over-charging of credit cards or mistakes at the point of submitting details. We will refund any money received from you using the same method originally used by you to pay for your purchase. Refunds will be processed within 5 days of receiving written notification for refund to firstname.lastname@example.org.
1/ CO2 Cards shall pay, or procure the payment of, all taxes fees, charges, duties or other costs arising in connection with or after Retirement of the Carbon offsets, if any, excluding but not limited to those relating to taxes levied by competent authorities on the income of the company, bank charges, and retirement registry fees.
2/ All amounts expressed to be payable by one Party to the other are exclusive of VAT if applicable.
3/ Each Party will bear its own costs and expenses in connection with the preparation, negotiation and execution of the Agreement, as well as bank charges for the payment transfer.
1/ CO2 Cards Ltd gives the client the right to make the contractual relationship with CO2 Cards Ltd known to third parties and to use the client’s support for CO2 Cards Ltd carbon offset projects in the client’s communications
2/The client grants CO2 Cards Ltd a non-exclusive, non-transferrable right to use the client’s name and logo for publication purposes. CO2 Cards Ltd may name the client as a reference on its website or in other media unless the parties have agreed otherwise.
1/ CO2 Cards shall assist the client in providing the following communication materials:
2/ CO2 Cards shall also assist with the planning and structuring the communication of the campaign through the different client channels upon request.
1/ The Client shall guarantee he/she is not any person, firm or entity whose professional activity is directly or indirectly in relation with weapon industry or whose professional activity could reasonably be seen as materially damaging to CO2 Cards reputation.
The Carbon offsets (VERs) will be used only for the retirement purpose of carbon footprint calculations or corporate responsibility initiatives.
Each party warrants and represents to the other party that:
a) it is duly organized and validly existing under the laws of the governing jurisdiction and is qualified to conduct its business in that jurisdiction;
b) it has the power and authority to execute and deliver this Agreement and to perform its obligations under it, and has taken all necessary actions to authorize the entry into and the observance and performance of its obligations under this Agreement;
c) its entry into and observance and performance of its obligations under this Agreement do not violate or conflict with or require any consent or waiver under any of the terms or conditions in its governing documents or any material contract to which it is a party or by which any of its assets are bound or affected, or any applicable law;
d) this Agreement constitutes a legal, valid and binding obligation on it enforceable in Accordance with its terms by an appropriate legal remedy;
e) it will not breach the terms of any agreement or arrangement with any third party.
CO2 Cards Ltd warrants to the Buyer upon entry into this Agreement, and upon each transfer of Carbon offsets (VER), that:
1. all Contract VERs sold in accordance with this Agreement originate from GHG emission reductions generated by the Project or Projects.
2. it has not sold, transferred, assigned, licensed, disposed of, granted or otherwise created any interest or encumbrance in the Contract VERs other than as contemplated in this Agreement, and will not do so except in accordance with this Agreement.
3. All Contract VERs have been verified and issued on of the following standards:
1/ If a Force Majeure Event occurs, the Party affected by the Force Majeure Event (“Affected Party”) must make reasonable efforts to immediately notify the other Party (“Non-Affected Party”) in writing of the details of the event, what obligations are affected and the extent to which they are and its estimate of the likely period of the Force Majeure Event.
2/ Each Party must at all times use all reasonable endeavours to minimise any delay in the performance of its obligations under this Agreement suffering from a Force Majeure Event.
1/ Neither Party will be liable for any loss or damage suffered or incurred by the other Party arising from the first Party’s delay in performing or failure to perform its obligations under this Agreement, to the extent that and for as long as such delay or failure results from a Material Change in Law.
1/ This Agreement may be terminated at any point with a 30 day notice via E-Mail or via www.co2cards.com
2/ Termination of this Agreement will not affect any rights of any Party which had occurred prior to the date upon which this Agreement is to be terminated.
3/ With effect from the Early Termination Date no further payments (except for amounts due and payable by the Carbon Credit Provider for successful Retirement of Contract VERs), Deliveries (except for the Delivery of any Contract VERs paid for by the Buyer and thus due by the Carbon Credit Provider) or receipts will be required under the Agreement.
4/ Any provided campaign materials as such as logo, project images etc. may not be used after the cancellation of the contract.
1/ This Agreement is governed by and is to be construed in Accordance with the laws of the Republic of Bulgaria.
2/ In the event of a dispute, the Parties agree to attempt by negotiating in good faith to resolve any dispute promptly between executives authorized.
3/ Each Party shall be responsible for its own costs in relation to dispute resolution.
1/ In no event, shall either Party’s liability under this Agreement exceed the product of:
a) the Total quantity of Contract VERs under this Agreement, and
b) the Unit Price.
Unless the context otherwise requires, the following capitalized terms shall have the following meanings wherever used in this agreement: