“Account” refers to the account created in the Mobile Application during Registration.
“Allowance” means another asset value corresponding to the right to emit into the atmosphere the equivalent of one tonne of carbon dioxide within the meaning of the Allowances Trading Act.
“Allowances Trading Act” means Act No. 383/2012 Coll., On the Conditions for Trading in Greenhouse Gas Emission Allowances, as amended.
“Client” means a user of the Mobile Application, Services, E-Shop and/or Website.
“E-Shop” means the electronic shop operated by the Company at eshop.co2in.cz.
“Framework Agreement” means the Framework Agreement for the provision of Token-related services used to provide the CO2IN Services.
“GDPR” refers to Regulation (EU) 2016/679 of April 27th 2016 on the protection of natural persons with regard to the processing of personal data and the free movement of such data and repealing Directive 95/46/EC.
“GTC” means the current version of the General Terms and Conditions for the CO2IN Services issued by the Company.
“Liquidation of the Allowance” means the decommissioning of the Allowance, whereby the decommissioning of the Allowance may indirectly reduce CO2 emissions into the atmosphere.
“Mobile Application” means the Mobile Application used for, among other things, (i) Token Transfer; (ii) the Company allows Clients to liquidate the Allowance; and (iii) the Company may conduct all electronic communication (remote communication) with Clients.
“Register” means the process of creating an Account on the Mobile Application.
“Registration” means the act of creating an Account on the Mobile Application, i. e., concluding the Framework Agreement.
“Services” means all the services we provide to you via the Mobile Application under the Framework Agreement.
“Tariff” means the Company’s tariff containing a list of fees and their amount charged by the Company to the Client in connection with the provision of the Services and other Service-related parameters.
“Token” means a virtual instrument “CO2IN” disposable in accordance with the Framework Agreement and the GTC.
“Token Transfer” means (i) the issuance and settlement of a Token between Client and the Company, and/or (ii) the exchange of a Token between Clients, and/or (iii) the exchange of a Token for goods or services of another Client, and/or (iv) the provision of a service and sale of goods to other Clients in exchange for a Token.
“Verification” means the process of submitting to the Company all required documents by the Client for the identification and/or verification of the Client, and the successful completion of the complete identification and/or verification of the Client by the Company based on the submitted documents.
“Website” means our website available at co2in.com.