Topic: [ANN]✅ [ICO] Open Packaging Network [ANN]✅ [ICO] - page 6. (Read 3186 times)

I can see the  CMR file evident in your whitepaper, what is iteaning and importance in OPN?

Ok. CMR is an important document that would be valuable  particularly for delivery agents. Read concise details below;

CMR
Full meaning: Cargo Movement Requirement

CMR is a consignment note with a standard set of transport and liability conditions, which replaces individual businesses' terms and conditions. The CMR note confirms that the carrier (ie the road haulage company) has received the goods and that a contract of carriage exists between the trader and the carrier.

CMR will be an indispensable document to our delivery agents most especially, and to suppliers, buyers, and all OPN platform users in general.

CMR shipping document is an official document / convention for international carriage formed by the United Nations which is used by all the EU member countries and some additional ones. Its main purpose is to define various legal issues which may arise in the transportation of cargo via road and it is escorting all international road shipments while in transit.

The document can be requested when there is a police check or a customs check and the driver needs to carry it with him until the final delivery destination. The document is filled in either by the seller or the forwarder. Usually in full truck loads it is filled in by the seller and in less than full truck loads by the forwarder (especially when the truck that will pick up the order is not the truck that will deliver it).

The document is written usually in two languages and has standard fields labeled with numbers. Each number corresponds to specific information that need to be written inside. There are sometimes small variations in the CMR layout and some additional labeled fields are entered depending on the type of shipments that are served.

Below mentioned are the most important fields to be filled in during a standard shipment:

The Shipper’s contact info In this section of the CMR the information of the company that makes the loading (shipper) needs to be entered (Company name, address, post code, city, country). The Consignee’s contact info.

In this section of the CMR the information of the company that will be billed should be entered (company name, address, post code, city, country).

The address where the products will be delivered. Additional if there is an agreement for the shipment to be delivered until a specific date, expected deliver date info can be filled in. The shipper’s loading address info, any documents that are submitted to the driver can be also mentioned here (i.e. delivery note, invoice, packing list etc.)


OPN is Disrupting the packaging industry with world’s first decentralized marketplace for sellers and buyers, delivery agents, validators, suppliers and other ecosystem participants.

The clause of refunding contributors if soft cap not reached is still prominent in your white paper. What is the plan? Will it be updated if soft cap not reached or refund is the plan?

That Clause have been updated. The project and platform development will continue irrespective of the soft cap reached Or not. OPN will move on to build platform. 

Such strong clause. Admin, What was the rationale behind such putting that clause in the whitepaper plan?

Its normal for every start up to project minimum amount of funds or resources to be used for the execution of its roadmap objective especially in the preliminary years and stages of the project for it to find its feet. So after careful observation, soft cap was our yardstick. I hope that helps.

Very true. But my question; now that the clause of refund if soft cap not reached is removed, what happened? Are you intending to raise the funds to pilot the platform to completion or what's the plan?

Ofcus, ab initio our plan was not to fund the project 100% from us, else we won't have done a presale and ICO. That said, we are determined to build a world class platform for the packaging space and the determinination has gone beyond raising soft cap or not.

Secondly, due to current market situation, we have considered the community and investors that's why we have removed the "soft cap not reached refund clause from our white paper" and extended the ICO till year end. However, our presalw is ongoing and our ICO coming soon, we are confident that we will garner support there.