Auction Agreement for Los Favoritos
Bidding Agreement
Payment and Shipping Requirements for Los Favoritos Vol. VI
Honduras & Nicaragua 2023 and ACE Internet Auction
Los Favoritos Vol. VI Honduras & Nicaragua 2023 Internet Auction is sponsor by The Alliance
for Coffee Excellence, Inc. (ACE) and Fincas Mierisch. If assistance is required immediately
following the auction please contact: Kathia Lopez kathia@cupofexcellence.org
Acceptance of Terms and Conditions
Your participation in this auction indicates your review and agreement to the following terms.
Should you purchase any Los Favoritos Vol. VI Honduras & Nicaragua 2023 Internet Auction
Coffee lots at this auction you agree to the terms and conditions of purchase and shipping
included in this agreement. Bidders should assess the value of each coffee based on quality
in the cup and its appropriateness for their company. Farm information is for educational
purposes only but can be used to help sell the winning coffees. Bidders should assess the
value of each coffee based on quality in the cup and its appropriateness for their company.
Farm information is for educational purposes only but can be used to help sell the winning
coffees.
Auction Opening Date and Times
Auction will be open for bidding on June 1st, at 9:00AM (New York) Your opening time may
vary, please check based on 9:00am EDT (New York) The Auction will be open for bidding at
• 06:00 PST Los Angeles, USA
• 09:00 EST New York, USA
• 14:00 BST London, United Kingdom
• 15:00 CET Amsterdam, Netherlands
• 16:00 MSK Moscow, Russia
• 17:00 GST Dubai, United Arab Emirates
• 21:00 HKT Hong Kong, Hong Kong
• 22:00 JST Tokyo, Japan
• 23:00 AEDT Sydney, Australia
Coffee Lots
The coffees selected for the Los Favoritos Vol. VI Honduras & Nicaragua 2023 Internet Auction
auction were narrowed down from a total of 88 submissions lots from Fincas Mierisch from
Honduras and Nicaragua. The 15 coffees highlighted below were cupped by an international
jury of 22 cuppers from 8 countries.
Pricing for the lots are figured in USD dollars and cents per pound(lb.). A starting bid of $10.00
USD per pound (lb) for all lots and increasing to $0.10 USD per pound (lb) has been set by the
Los Favoritos Vol. VI Honduras & Nicaragua 2023 representatives from Fincas Mierisch. All
opening bids on all lots must be at the starting price for the lot or at least higher than the
opening price per pound (lb) for the lot. Incremental bids must be at $0.10 USD per pound or
greater.
Bidding, Opening and Closing
Lots will open on a sliding scale biased on international jury scores awarded to the coffees.
The bidding page will indicate “OPEN” hone our after the starting time 9:00 am NY time, after
which a 3-minute countdown clock will begin. A bidder may place multiple or single bids on
any or all lots during the open auction or during the 3-minute countdown clock. Each bid on
any lot resets the clock to 3 minutes. A clock on the bidding page will indicate the time
remaining for the auction. Once there are no more bids on any lot during the 3-minute time
window the auction and all lots will close for bidding. A PENDING notification does not end
the auction even though bidding may cease. No bid is final until the FINISHED notification
appears. Once the auction software indicates FINISHED the highest bid wins the lot and all
lots are closed for any additional bidding. At the conclusion of the auction, the buyer for the
lot and the person responsible for payment and for shipping coordination will be the bidder
placing the highest bid or auto bid for that lot. Should there be two identical auto bids the
first auto bid placed wins the lot.
Proxy and Auto Bids
An auto-bid or proxy feature is available to any bidder wishing to allow the software to place
their next highest bid. A bidder can place a high bid on any coffee lot using the auto-bid
function. The software will then place a fifty cent higher bid above a competitive bid until the
auto bid price is reached. The software will not place any higher auto-bid amount unless there
is a competitive bid for that lot. Each Bidder will be able to view the current high bid for a Lot
at any time during the Auction. Individual bids once accepted by the auction software, may
not be revoked or withdrawn. However, you may cancel an auto-bid to prevent the system
from placing further bids on your behalf.
Communication During and After Auction
Each Bidder will log in using his/her confidential password. All bids will be identified during
the auction with a bidding number not a company name. During the auction the software will
communicate any outbids, any auction issues, notifications or final successful bids using the
email address registered for that bidder. It is the bidder’s responsibility to ensure that the
registered email is correct. Contact Mcultivo and ACE staff for verification if uncertain.
Packing Information
Los Favoritos Vol. VI Honduras & Nicaragua 2023 Coffee lots are packed with Ecotact bags in
15kg vacuum packed bricks and coffees will be shipped in boxes of 2 bricks each (30kg per
box). Successful bidders will be not charged any extra cost for the packing. The number of
30kg boxes as well as the weight in pounds will be shown. A broken seal on any package does
not automatically warrant a claim or indicate a quality change.
Financial Responsibility for Payment
The individual bidder placing the highest bid at the close of the auction is responsible for the
financial payment to the exporter of the entire lot. The exporter may at their discretion
approve multiple payments and multiple shipping instructions for a single lot the successful
bidder must request the approval and submit all the shipping instructions within 7 days of the
auction for the exporter to review and approve. If the exporter or the country partner denies
the request for any reason the bidder will be held liable for the entire payment regardless of
group purchase. If a lot is split and sent to more than one destination the buyer will be
responsible for any additional costs associated with that export.
It is required that the lead bidder in the auction collaborate with the exporter facilitating
communication and expediting the payment process if any setbacks are encountered
regarding payment or complications in communicating with other buyers from the group.
Payment Requirements
FOB Price – US$ 10,00 base price
Full payment of the lot(s) is required prior to shipment unless other requests are made in
writing and approved in advance.
Full payment is due within 30 (thirty) days after the close of the auction regardless of ship
date or method. If payment is not made after 30 days, the exporter will have the right to
nullify the sale agreement.
ALL PAYMENTS WILL BE MADE TO:
RECEIVERS CORRESPONDENT BANK:
Bank of American, N.A 1st SE Third St. Miami, FL33131 United States
SWIFT: BOFAUS3M
ABA/ROUTING: 026009593
BENEFICIARY BANK:
Banco de America Central, Nicaragua Km4.5 Carretera a Masaya, complejo pelas edifício
Norte, 1er piso, Managua, Nicaragua.
SWIFT: BAMCNIMA
TELF: 505 2274-4444
FAX: 505 2274-4406
FINAL BENEFICIARY:
INVERSIONES MIERISCH S,A
CTA: 354774416
Shipping Requirements
Shipping instructions are to be sent to Los Favoritos Vol. VI Honduras & Nicaragua 2023
Internet Auction within 7 (seven) days of the close of the auction by the successful bidder or
the bidder’s designated importer. Bidders can nominate any importer.
All lots must be shipped within 60 days of the auction, given the exporting company has
received all the needed paperwork to do so. No claim may be made to the exporter, farmer,
Alliance for Coffee Excellence, or Fincas Miersich on any lot 60 days after the auction.
Los Favoritos Vol. VI Honduras & Nicaragua 2023 lots are shipped FOB, net weight and
applicable fees from Honduras and Nicaragua via courier, air freight or sea freight. The
shipping cost and any applicable fees will be charged to the bidder. Lots will be shipped as per
the instructions and at the cost of the successful bidder. Any changes that result in extra fees
will be paid by the buyer.
Due to new Chinese customs regulation applied on January 2021, Los Favoritos Vol. VI
exporters cannot provide the Chinese Customs Code for Honduras or Nicaragua lots. Please
take note of this. If you bid on any of the lots and end up winning, you will be responsible
for paying for the lot, even if you cannot import into China. As alternatives, Los Favorito's
exporters can send lots to Hong Kong and in smaller (5kg) VP packages to be mailed as
samples.
THE EXPORTER FOR NICARAGUAN LOTS:
Los Favoritos Vol. VI Honduras & Nicaragua 2023 nominated exporter is:
Company: Inversiones Mierisch S.A.
Address: Frente a Casa Pellas, Matagalpa, Matagalpa, Nicaragua
Tax ID: J0310000011648
Contact Name: Erwin Mierisch Jackman
Contact Number: +505-8704-1284
Whatsapp Number (only): +505-8704-1284
Email: emierisch3@gmail.com
Copy to: eleane@fincasmierisch.com; haisell@fincasmierisch.com
Copy to: Kathia Lopez kathia@cupofexcellence.org
THE EXPORTER FOR HONDURAN LOTS:
Los Favoritos Vol. VI Honduras & Nicaragua 2023 nominated exporter is:
Company: Cafe Azul Meambar S.A.
Address: Colonia Los Alamos 3ra Etapa, Edificio Damehi, Of. 202, San Pedro Sula, Honduras
Tax ID: 05019011416980
Contact Name: Erwin Mierisch Jackman
Contact Number: +505-8704-1284
Whatsapp Number (only): +505-8704-1284
Email: emierisch3@gmail.com
Copy to: eleane@fincasmierisch.com; haisell@fincasmierisch.com
Copy to: Kathia Lopez kathia@cupofexcellence.org
All buyers must contact the exporter, coordinators and ACE within 7 days of the close of
the auction.
Modification of this Agreement
The Management of the ACE program have the right to modify this Agreement and any
policies affecting the website. Any modification is effective immediately upon posting to the
website or distribution via electronic mail. Your continued use of the auction or website
following the notice of any modification shall be deemed your acceptance of the
modification(s)
Indemnification, Claims and Disclaimer
Use of this internet auction and ACE website is at the bidder’s own risk. Bidders agrees not to
hold the Alliance for Coffee Excellence, Fincas Mierisch, the provider of software, internet
services or telecommunications companies for any consequential, incidental and/or
liquidated damages if any that may result from or is claimed to result from, the bidder’s
participation in the auction. The winning coffees have been ranked and scored in blind
cuppings. The winning farm and the specific coffee lot information is submitted by each
farmer and is not known to the public until the winning coffees have been disclosed following
the completion of cuppings held by the chosen panel. ACE assumes the farm information is
correct and up to date but is not responsible should some information change before or after
the auction. Bidders should assess the value of each coffee based on quality in the cup and its
appropriateness for their company. Farm information is for educational purposes only but
can be used to help sell the winning coffees. All quality claims must be made within 15 days
of delivery as per the Green Coffee Association of NYC ruling but no claim can be made on
any coffees shipped more than 45 days after the close of the auction. Should a claim arise, a
neutral arbitration panel will be assembled to assess the claim. Bidding at this auction
represents a contract to purchase the coffee. Should a Buyer default on payment legal
remedies will be undertaken.