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Afgri Trading launches Master Agreements
Released Monday, October 23, 2006
 
 

Afgri Trading has introduced master agreements for its clients and producers of grain nationwide.

The master agreement replaces a myriad of separate agreements with individual producers and clients. The major benefits it offers are standardisation of contracting terms and conditions between Afgri Trading and the party with whom it is doing business and fast and efficient turnaround of contract administration time. Wouter Mentz, Afgri Trading and Logistics CEO, says, “With a master contract in place, producers and clients will not have to sign every contract individually in future. Individual and ad-hoc confirmations will be done via telephone, fax or email with the choice of the method of confirmation selected by the producer or client.”

The individual contracts that this innovation does away with are normally up to five pages each, so the master contract will also be time saving and more cost effective than the current contractual system. Mentz believes the master contract will be welcomed by Afgri Trading’s business partners as it offers significant benefits with no downside.

To introduce the master contract with maximum impact, Afgri Trading is launching it into the market through a competition for producers and clients.

The competition will take the form of a lucky draw, with entrants standing the chance to win R40 000’s worth of magnificent Alva and Cadac gas barbeques. The first prize will be a Alva Le Classique G615 barbeque and the second prize two Alva Rosso G110 barbeques, with five third prizes of Cadac Patio Host Supreme barbeques. The competition will launch in mid-October and run until 15 January 2007, with the draw taking place on 31 January 2007.