Trading Rhino Horn

1. Pre-requisites

 

  1. 1.1.The seller will need to register and comply with the Seller Registration Process as detailed here.
  2. 1.2. The buyer will need to register and comply with the Buyer Registration Process as detailed here.
  3. 1.3.Once the seller has completed the registration process the seller will indicate what horn is available for sale. The horn will be verified for suitability to sell through Rhino Horn trade Africa. (RHTA). The seller will then be deemed to have agreed with the terms and conditions of RHTA. For a detailed description of the process of preparing and validating horn for sale registered sellers can access the document titled “Detailed Information for Rhino Horn Sellers”.

 

2. Supply of Rhino Horn

 

  1. 2.1.RHTA is committed to ensuring that only “clean”, legally obtained, sustainable horn is offered for sale through RHTA. RHTA validates all potential sellers and their permits to possess rhino horn. Submission of individuals horns is validated by means of DNA profiling and entry onto the RhODIS database.  The seller obtains a selling permit and the verified “clean” horn is then packed in metal trunks, rechecked for physical characteristics by RHTA staff, and suitably stored in a secure off-site facility ready for sale.
  2. 2.2. The checked and verified horn is then made available on the RHTA website with certain prescribed information available for registered buyers to view as follows:
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    1. (a) Species
    2. (b) Placement (Front or back horn)
    3. (c) Circumference
    4. (d) Front length
    5. (e) Back length
    6. (f) Weight
    7. (g) Photographs
    8.  
  4. 2.3. Horn will be sold in consignments of one or more horns, depending on demand and available supply.
  5. 2.4. Each consignment of horn/s will be advertised at a specific price per consignment.
  6. 2.5. RHTA may at any time prior to a consignment being reserved by a buyer, withdraw the consignment or alter the price for the consignment.

 

3. Buyer’s Process

 

  1. 3.1. In order for the buyer to view the rhino horn offered for sale, the buyer must first be pre-registered and FICA’ed in terms of the Buyer Registration Process. For a detailed description of the buyers process buyers can access the document titled “Detailed Information for Rhino Horn Buyers”.
  2. 3.2. The buyer will also have to make an initial deposit of R50 000 into the applicable third-party funds account. This account will be opened in the name of the buyer. The account will be interest bearing. The Buyer will have had to sign and agree with the terms and conditions of RHTA.
  3. 3.3. Rhino horn consignments, their details and prices will be available for all qualified buyers to view. New consignments coming on line will be emailed to qualified buyers requesting this service.
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4. Purchase Process

 

  1. 4.1. A consignment will be provisionally reserved for the first registered buyer contacting RHTA via email, (this is automated via the website), confirming that they wish to purchase the particular consignment. The RHTA personnel will award the consignment to the party with the earliest digital signature. Upon being awarded, the consignment will be withdrawn from the available horn-for-sale page on the RHTA website and reserved for the registered buyer.
  2. 4.2. The buyer will be contacted by RHTA and informed of his successful application. Unsuccessful applicants will be notified as such.

 

5. Additional Deposit

 

  1. 5.1. After contact by RHTA the confirmed buyer will have ten business days to provide proof of payment of the remainder of the required deposit.
  2. 5.2. The purchaser will be required to increase his/her deposit to the larger of the initial registration deposit of R50 000 or 25% of the inclusive purchase value of the rhino horn consignment.

 

6. Application for Permits in Terms of NEMBA and TOPS

 

  1. 6.1. On payment of the 25% initial deposit RHTA will begin the process of applying to the necessary authorities to issue permits on the buyer’s behalf. RHTA will pay the authorities the necessary permit application fee from the buyer’s initial deposit.
  2. 6.2. The permits required by the buyer include the following:
    1. 6.2.1. A Buyer’s permit.
    2. 6.2.2. A Possession permit.
    3. 6.2.3. A Transport permit. (if physical delivery out of the secure facility is required, and the horn is to be relocated in a different province)
  3. 6.3. The above permits will be simultaneously applied for from the relevant authorities by RHTA.
  4. 6.4. On successful issuance of a buyer permit, a possession permit and a transport permit by the relevant authority, the buyer will have ten business days to make full and final payment for the balance of the outstanding amount on the consignment into the escrow account held by RHTA.
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7. Transfer of Horn Ownership

 

  1. 7.1.Transfer of ownership will not be deemed to have occurred unless all conditions precedent have been met. These conditions are the following:
    1. 7.1.1. Receipt of all applicable permits.
    2. 7.1.2. Payment of all permit processing and other administrative fees.
    3. 7.1.3. Full and final payment for the total consideration of the horns.
  2. 7.2 Transfer of ownership will be deemed to have occurred once the last of the above conditions have been met.  Both risks and rewards associated with ownership will pass from the seller to the buyer at this point.

 

8. Physical Delivery

 

  1. 8.1. Prior to a voluntary inspection of the horn, the buyer must indicate whether he wishes to take physical delivery of the horn or have it continued to be stored in the secure facility. Please note once transfer of ownership has occurred and the buyer wishes to maintain the horn in the secure facility, all storage costs will be for the cost of the new owner.
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  3. 8.2. Should the buyer wish to take physical possession the horn, transfer arrangements will be communicated with the buyer and the necessary transport permit arranged. Please note costs of secure transport out of the secure facility will be for the account of the new owner.

 

9. Buyer Physically Inspecting the Horn

 

  1. 9.1. Should the buyer voluntarily wish to physically inspect the horn prior to taking physical delivery he must contact RHTA to make suitable arrangements.
  2. 9.2. This inspection is purely for the buyer to confirm that he is taking possession of the goods as detailed in the consignment description on the website.
  3. 9.3. Horn will be made available for physical inspection in the Gauteng province only, and at a secure location determined by RHTA.
  4. 9.4. The buyer or an authorised representative may inspect the horn.
  5. 9.5. The horn will be brought to the buyer in locked/sealed metal containers/trunks. The container’s locks will be removed by the seller or his appointed representative, for inspection by the buyer.
  6. 9.6. Upon completion of the inspection the trunks will be locked and sealed by locks and/or anti-tampering seals provided by/for the buyer.
  7. 9.7. The buyer or his representative will confirm and sign that the goods conform to those as detailed on the bought consignment.
  8. 9.8. The buyer may take immediate delivery of the horn or commit it to further secure storage.

 

10. Applicable Currencies

 

  1. 10.1 Rhino horn offered for sale, will be advertised in South African Rand and will be inclusive of South African government value added tax. A potential buyer will however be able to make payment in foreign currency and crypto currencies. For a list of approved, acceptable fiat currencies and crypto currencies registered buyers can access the document titled “Approved Fiat and Crypto Currencies” or click here.
  2. 10.2 Should the buyer wish to make payment in foreign currency the buyer must indicate as such to RHTA within 24 hours after reserving the consignment.

 

11. Hedging Forward Currency Rates

 

  1. Should the buyer wish to hedge the forward exchange rate between the SA Rand and the chosen fiat currency, the buyer can indicate such and arrangements will be initiated to implement a hedging process.

 

12. Payment to the Seller

 

  1. On receipt of payment, voluntary inspection of the goods by the buyer, and delivery of permits to the buyer, RHTA will disburse the proceeds held in escrow to the rhino horn seller - less allowable expenses and service charges.