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Terms

In general, Bolpex (“Bolpex Energy International Ltd”) owns and operates Bolpex.com Website (An Upstream & Downstream Global Energy Market Place). This document governs the relationship with the Buyer and/or Seller using transacting business with Bolpex and Bolpex Energy International Ltd (“www.bolpex.com - Website Owner”). Access to and use of this website and the products and services available through this website (collectively, the "Services") are subject to the following terms, conditions and notices (the "Terms of Service"). By using the Services, you are agreeing to all of the Terms of Service, as may be updated by us from time to time. You should check this website page regularly to take notice of any changes we may have made to the Terms of Service.

Access to this Website is permitted on a temporary basis, and we reserve the right to withdraw or amend the Services without notice. We will not be liable if for any reason this Website is unavailable at any time or for any period. From time to time, we may restrict access to some parts or this entire Website.

This Website may contain links to other websites (the "Linked Sites"), which are not operated by Bolpex (www.Bolpex.com).  Bolpex has no control over the Linked Sites and accepts no responsibility for them or for any loss or damage that may arise from your use of them. Your use of the Linked Sites will be subject to the terms of use and service contained within each such site.


Privacy Policy

Our updated privacy policy, which sets out how we will use your information, can be requested from Bolpex legal team. By using this Website, you consent to the processing described therein and warrant that all data provided by you is accurate.


Prohibitions

You must not misuse this Website. You will not: commit or encourage a criminal offense; transmit or distribute a virus, trojan, worm, logic bomb or any other material which is malicious, technologically harmful, in breach of confidence or in any way offensive or obscene; hack into any aspect of the Service; corrupt data; cause annoyance to other users; infringe upon the rights of any other person's proprietary rights; send any unsolicited advertising or promotional material, commonly referred to as "spam"; or attempt to affect the performance or functionality of any computer facilities of or accessed through this Website. Breaching this provision would constitute a criminal offense and Bolpex will report any such breach to the relevant law enforcement authorities and disclose your identity to them.

We will not be liable for any loss or damage caused by a distributed denial-of-service attack, viruses or other technologically harmful material that may infect your computer equipment, computer programs, data or other proprietary material due to your use of this Website or to your downloading of any material posted on it, or on any website linked to it.


Intellectual Property, Software and Content

The intellectual property rights in all content (including photographic images) made available to you and to Bolpex on or through this website remains the property of Bolpex and are protected by copyright laws and treaties around the world. All such rights are reserved by Bolpex. You may store, print and display the content supplied solely for your own personal use. You are not permitted to publish, manipulate, distribute or otherwise reproduce, in any format, any of the content or copies of the content supplied to you or which appears on this website nor may you use any such content in connection with any business or commercial enterprise.


Terms For Buyers
All assets are sold "AS IS, WHERE IS" and the buyer is solely responsible for all taxes, duties, logistics, load out costs (if applicable), and all other charges associated with this sale.

To the best of our knowledge, the information contained herein is accurate and reliable; however, we do not assume any liability whatsoever for the accuracy and completeness of the above information.

We do not allow our members to use Bolpex.com  to contact each other and make offers to buy or sell assets outside of Bolpex.Site visits can be coordinated through our Bolpex Help Desk to view all assets prior to placing an offer and Buyer will be required to sign a NDA (Non-Disclosure Agreement) prior to any site visits.

An invoice will be sent to the buyer when an offer is accepted. Full payment is required immediately upon receipt of the invoice. If payment is not received within 14 business days of the invoice date, the buyer forfeits all rights to the asset(s).

Asset(s) will not be released to the buyer until the required documentation and payments have been received.
Buyer has the option to examine all purchased assets and report any discrepancies to the Bolpex  HelpDesk prior to removing them from the location. Adjustments based on condition or quantity will not be accepted once asset(s) have been removed from the location.

 

Terms of Sale

By placing an order or uploading pictures of the product/item you want to sell via bolpex.com, you are subject to the following terms and conditions. All orders are subject to availability and confirmation of the owner of the product exhibiting via Bolpex.com, the Global Marketplace Platform. All product logistics from seller to buyer shall be agreed by the seller and buyer without recourse to Bolpex Energy International Ltd.

In order to contract with Bolpex via bolpex.com you must be over 18 years of age and possess the procurement and/or selling authority of your organization. Bolpex retains the right to refuse any request made by a buyer or seller. If your inquiry to procure an item is accepted we will inform you by email and will give you detailed information and all necessary identity of the selling party which you will be contracting with. Where a contract/deal is sealed and finalized by the seller and the buyer Bolpex will get a commission from the seller and this shall vary between 5% to 12.5% depending on the value of the contract. (See commission breakdown analysis detailed in section (d).

Note, that when placing an order you undertake that all details you provide to Bolpex/www.Bolpex.com are true and accurate, that you are an authorized company representative with sufficient authority toorder for product and or place the item for sells. The cost of products and services may fluctuate the buyer shall negotiate and agree with the seller before payment. All Items advertised are subject to changes without prior notice.


(a) Bolpex Requisition to Pay Process (RTP)

When buyer indicates interest for any goods he want to purchase via Bolpex.com marketplace portal, he will receive an acknowledgement e-mail confirming receipt of the inquiry: Note that this email will only be an acknowledgement and will not constitute acceptance of order. A contract between the buyer and seller will only be executed when both parties have negotiated and agreed on the prices including the terms of sell and payment.

Only those goods listed in the confirmation e-mail sent at the time of inquiry will be included in the formed contract. Any additional product emanating from this initial transaction including repeat order shall be subject to the same terms and conditions as detailed herewith. It is the duty of the Seller and or the buyer to notify Bolpex of such additional/repeat order. Failure to notify Bolpex of such additional transaction might lead to both parties been blacklisted.


(b) Pricing and Availability

Whilst we try and ensure that all details, descriptions and prices which appear on www. Bolpex.com are accurate, specification errors may occur. If we discover an error in the specification of any of the goods which you have ordered or want to order, we will inform you of this as soon as possible and give you the option of reconfirming your order or cancelling it. If we are unable to contact you we will treat the order as cancelled. Note that the delivery costs of any transaction shall be agreed by both buyer and seller without recourse to Bolpex.


(c) Payment

Upon receipt of your inquiry and successfully connecting you the buyer to the seller of the goods/product /services uploaded in bolpex.com (Best Global Marketplace Portal) and once the transaction has been concluded by both parties, and the good in question sold, both buyer and seller shall inform Bolpex Energy International Ltd via email and or phone call that the initiated transaction has been completed.  This notification email shall be sent by seller transactions@bolpex.com and copying buyer and shall contain the following:

 

  1. Final invoice from the seller to the buyer.
  2. Evidence of Payment
  3. A Good Receipt Note from the buyer to the sell.

 

(d) Commission

The following stated commission payment percentage shall be due to Bolpex and payable by the Seller after a transaction has been completed and payment made by the buyer.

 

  1. Transaction  between $0  to $999 (USD)  Commission of 12.5% for Bolpex
  2. Transaction  B/W  $1000 to 50000(USD) Commission of 10% for Bolpex
  3. Transaction  B/W  $5001 to 100,000(USD) Commission of 10% for Bolpex
  4. Transaction  B/W  $100,001 to 250,000(USD) Commission of 7% for Bolpex
  5. Transaction  B/W  $250,001 to 500,000(USD) Commission of 5% for Bolpex
  6. Transaction above $ 500,000(USD) Commission of 5% for Bolpex

 

Disclaimer of Liability

The material displayed on this Website is provided without any guarantees, conditions or warranties as to its accuracy. Unless expressly stated to the contrary to the fullest extent permitted by law Bolpex  and its suppliers, content providers and advertisers hereby expressly exclude all conditions, warranties and other terms which might otherwise be implied by statute, common law or the law of equity and shall not be liable for any damages whatsoever, including but without limitation to any direct, indirect, special, consequential, punitive or incidental damages, or damages for loss of use, profits, data or other intangibles, damage to goodwill or reputation, or the cost of procurement of substitute goods and services, arising out of or related to the use, inability to use, performance or failures of this Website or the Linked Sites and any materials posted thereon, irrespective of whether such damages were foreseeable or arise in contract, tort, equity, restitution, by statute, at common law or otherwise..


Linking to this Website

You may link to our home page, provided you do so in a way that is fair and legal and does not damage our reputation or take advantage of it, but you must not establish a link in such a way as to suggest any form of association, approval or endorsement on our part where none exists. You must not establish a link from any website that is not owned by you. This Website must not be framed on any other site, nor may you create a link to any part of this Website other than the home page. We reserve the right to withdraw linking permission without notice.


Disclaimer as to ownership of trademarks, images of personalities and third party copyright

Except where expressly stated to the contrary all persons (including their names and images), third party trademarks and content, services and/or locations featured on this Website are in no way associated, linked or affiliated with Bolpex and you should not rely on the existence of such a connection or affiliation. Any trademarks/names featured on this Website are owned by the respective trade mark owners. Where a trade mark or brand name is referred to it is used solely to describe or identify the products and services and is in no way an assertion that such products or services are endorsed by or connected to Bolpex.


Indemnity

You agree to indemnify, defend and hold harmless Bolpex Energy International Ltd,www.bolpex.com, its directors, officers, employees, consultants, agents, and affiliates, from any and all third party claims, liability, damages and/or costs (including, but not limited to, legal fees) arising from your use of this Website or your breach of the Terms of Service.


Variation

Bolpex shall have the right in its absolute discretion at any time and without notice to amend, remove or vary the Services and/or any page of this Website.


Invalidity

If any part of the Terms of Service is unenforceable (including any provision in which we exclude our liability to you) the enforceability of any other part of the Terms of Service will not be affected all other clauses remaining in full force and effect. So far as possible where any clause/sub-clause or part of a clause/sub-clause can be severed to render the remaining part valid, the clause shall be interpreted accordingly. Alternatively, you agree that the clause shall be rectified and interpreted in such a way that closely resembles the original meaning of the clause /sub-clause as is permitted by law.


Complaints
We operate a complaints handling procedure which we will use to try to resolve disputes when they first arise, please let us know if you have any complaints or comments. You can send email to our complaint hot email address:complaints@bolpex.com.


Waiver

If you breach these conditions and we take no action, we will still be entitled to use our rights and remedies in any other situation where you breach these conditions.


Entire Agreement

Upon receipt of these transaction closeout confirmatory emails, Bolpex shall send an invoice to the seller requesting immediate payment of the commission due to Bolpex. The commission monies received from the seller of the product shall be the exact amount agreed and detailed in this terms and conditions (section d).


Naira nominated transaction shall be paid in Naira. Commission shall follow the distribution system above, leveraging on the CBN exchange rate on the day the payment.


The above Terms of Service constitute the entire agreement of the parties and supersede any and all preceding and contemporaneous agreements between you and Bolpex Energy International Ltd (www.bolpex.com). Any waiver of any provision of the Terms of Service will be effective only if in writing and signed by a Director of Bolpex Energy International Ltd.