TENDER: Continental Farmers Group sells 132k VCUs from Ukraine
Quantum Commodity Intelligence - Continental Farmers Group has contacted Quantum, asking for the publication of the following offer.
Conditional offer by Continental Farmers Group to sell approximately 132 thousand of Verified Carbon Units (VCUs) originating from Ukraine.
The seller, Continental Farmers Group LLC («CFG» or «the Seller» or «We» or «Our» ) which is the authorised representative of the owners of the VCUs would like to express our interest in pursuing a transaction to sell approximately 132 thousand of VCUs originating from Ukraine.
The VCUs belong to AGRO L V LIMITED, LLC; MRIYA FARMING BUKOVYNA LLC; MRIYA FARMING KARPATY LLC; MRIYA FARMING HALYCHYNA LLC; MRIYA FARMING LVIV LLC; MRIYA FARMING PODILLIA LLC; MRIYA FARMING POLISSIA LLC; MRIYA FARMING TERNOPIL LLC.
No agreement is intended to be legally binding and, therefore, it does not constitute a binding contractual commitment to pursue the transaction to the end.
Following on from previously discussed and expressed interests, the proposed selling, submits this non-binding conditional offer to you, to formally enter into negotiation for sales and purchase of VCUs.
Approx 132 thousand metric tonnes (mt) of carbon emission reductions according to Verified Carbon Standard.
VCUs will be transferred to the Buyer in Verra Registry on behalf of project developer – Agreena ApS.
Methodology: VM0042
Project description: https://registry.verra.org/app/projectDetail/VCS/4022
Credits available for sale: 132,438. The total value of Agreement is the subject to reconciliation between CFG and the Buyer based on the actual quantity of issued VCUs and agreed price.
Credits are from period: 2022
VCUs issuance period: Q4, 2023 – Q1,2024
Scope of Offer: Offer with multiple lots (A) forward sale under agreed price with advance payment for contracted certificates; (B) Early Payout (transfer of rights for carbon certificates) under agreed price with advance payment for contracted certificates
Option of partial sale: Yes
Selection criteria: Best price per 1 VCU; completion of KYC procedures; Total volume of contacted certificates; Higher % advance payment of the total cost stipulated by the contract
Timeline for receiving the answer: The offer is valid until 4 September 2023.
Applicable law
English Law.
FOR AVOIDING OF ANY DOUBT THIS CONDITIONAL NON-BINDING OFFER SERVES AS A PROTECTION FOR NEGOTIATING PARTIES IN CASE THE DEAL COLLAPSES DURING NEGOTIATION. THIS CONDITIONAL NON-BINDING OFFER MEANS THAT THE TRANSACTION IS NOT LEGALLY BINDING AND ANY OF THE PARTIES CAN VOLUNTARY WITHDRAW FROM THE DEAL BEFORE THE SIGNING OF THE BINDING OFFER.
Please contact Pavlo Zaiats pzaiats@cfg.com.ua for further details.
