FLO-CERT GmbH Public Compliance Criteria List - Contract ...

NSF Checklist CP 7.0 EN-GB
31/10/2012
FLO
Standard
[FLO e.V.] or
other
Applicable
for:
CC No.
FLO-CERT Compliance Criteria Rank 1 Rank 2 Rank 3 Rank 4 Rank 5
Time
Criteria Type
A.2.3.7
Cook Islands,
Fiji, India,
Kiribati,
Marshall
Islands,
Micronesia,
Federated
States of,
Nauru, Niue,
Pakistan,
Palau, Papua
New Guinea,
Samoa,
Solomon
Islands,
Tokelau,
Tonga,
Tuvalu,
Vanuatu,
Wallis and
Futuna
Islands
Promoting
Body (CP
Project)
Cocoa, Dried
fruit, Seed
cotton
A 2.3.0.09
A 2.3.0.10
When you provide credit or pre-finance, the
interest rate and conditions attached to the offer
must be agreed in advance with the registered
producers. In case you charge an interest rate
for the credit or prefinancing, it must also be
agreed with the registered producers.
When you provide credit or pre-finance, the
interest rates charged must not be higher than
your cost of borrowing.
There has
been no
agreement
in advance.
Interest rate
is higher
than the
PB's cost of
borrowing
There was
an
agreement
BUT this
was not
recorded in
writing.
There was a
written
agreement
in advance.
Interest rate
is equal or
lower than
the PB's
cost of
borrowing
=Rank 3
AND the
agreement
is very clear
and
explained
verbally to
producers.
=Rank 3
AND rates
are
particularly
beneficial to
producers.
=Rank 4
AND
agreement
was
negotiated
with PEB /
PO(s).
PB provides
credit/prefin
ance at zero
cost for
producers.
0
0
C
C
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