the water tap ('the hub') is an online marketplace created to facilitate the sale and purchase of water and related purification, compression, storage and transportation services.
This document is designed to familiarize potential Users of the water tap with the definitions used throughout the website, general use of the water tap, system requirements, site navigation, and the registration process.
Definitions
"Active Trading" means the timeframe from the Posting of an Event to the closing date specified by the Host.
"Auxiliary Services" mean such services as purification, compression, storage and transportation.
"Bid" means a response to a (Product or Service) Posting placed on the Market Floor.
"Bidder" means a User who responds to a (Product or Service) Posting placed on the Market Floor by a Host.
"Event" refers to an on-line auction on the water tap Market Floor.
"Extenuating Circumstances" include, but are not limited to, the sale of a company (during the Active Trading period specified), the cancellation of the project to which the product and/or services were applicable, or a change in pertinent regulations.
"Firm Specifications" are those characteristics of a product or Auxiliary Service as stated in a Posting placed on the Market Floor by a Host which, if met by a Bidder(s), results in a Transaction; the characteristics so defined as Firm Specifications for the various auction types are: Buyer request for Water - volume, purity, contract terms (estimated start and end dates) and delivered price; Seller offering Water for sale - volume, contract terms and reference price; Host request for Auxiliary Services - all information entered on a request information form which is contained in the water tap Website.
"Forward Auction" means an Event posted where the Host is a seller of Water.
"Host" means a User who initiates an on-line Event as either a buyer or seller of Water or as a buyer of purification, compression, storage or transportation services.
"Key Contact" means an individual designated by a company with whom the water tap conducts formal communications and who is responsible for authorizing other individuals (traders) within their company to participate in buy/sell Transactions on its behalf and for ensuring that all traders so authorized read the Agreement.
"Market Floor" means the water tap Market Floor, which implies the infrastructure allowing Users to participate in the on-line trading of Water and Auxiliary Services.
"Posting" means the placing of a request for Water or Auxiliary Services or the offering of Water for sale on the Market Floor.
"Product Posting" means a Posting, initiated by a Host either requesting to purchase Water or offering supplies of Water.
"Proprietary Properties" include, but are not limited to, the configurations, displays, screens, software, code, algorithms, scripts, inventions, trade secrets, images, graphics, text and all other information appearing on, displayed in connection with or contained on the water tap Network and not provided by the User, the water tap domain name(s), the water tap logo(s); the water tap registered and unregistered trademarks and trade names.
"Reverse Auction" means an Event posted where the Host is a buyer of Water.
"Service Posting" means a Posting, initiated by a Host requesting Auxiliary Services.
"the water tap Network" means the infrastructure including the water tap, the water tap Website, the water tap Market Floor, and the water tap hardware and software owned or controlled by the water tap that transmits the Transaction Data to and from the translation server and enables all procedures described herein.
"the water tap Website" means the website located at www.thewatertap.com on the World Wide Web portion of the Internet or any successor site.
"Trading Partner" means a Host or Bidder with whom a User exchanges Transaction Data via the water tap Network.
"Transaction" means the acceptance of a bid or partial bid.
"Transaction Clearing Services" means the receipt and transmission of Transaction Data through the Market Floor as provided and supported by the water tap.
"Transaction Data" means data transmitted through the water tap by Users using the translation server and related to Transactions involving products and services between and among Users participating on the water tap.
"Translation Server" means the water tap web interface, any Water Tap software and/or any third party software enabling the exchange of Transaction Data with the water tap as part of the Transaction Clearing Services and any related Value-added Services.
"User" means a company/individual that becomes registered with the water tap by completing the prescribed registration process and is thereby granted the right to participate in the Market Floor for the purpose of selling or buying Water and/or Auxiliary Services.
"Water" means a liquid which in a more or less impure state constitutes rain, oceans, lakes, rivers, underground sources and 'produced waters' and which in a pure state is a transparent, odourless, tasteless liquid consisting of 11.118% hydrogen and 88.812% oxygen by weight.
Use of the water tap
Any company wishing to use the services provided by the water tap must endorse a 'Key Contact' person who is assigned:
A 'User' is an individual who has been approved by their company's Key Contact to participate in the Market Floor services as:
'Market Floor Role(s)' that can be assigned by the Key Contact for approval by the water tap administration include:
During any specific 'Auction Event', a User can only be a buyer of Water, a supplier of Water, or a provider of (one or more) auxiliary services.
System Requirements
the water tap website was designed and optimized for systems with the following specifications:
NOTE: Other current browsers may be used, however, unexpected results may occur
Site Navigation
Registration
To become the Key Contact, one must complete the Corporate Registration form found at www.thewatertap.com/register_c.aspx; To become a User, one must complete the User Registration form found at www.thewatertap.com/register_u.aspx; There is no cost associated with registration.
Steps to Corporate Registration

Steps to Registering as a User of the Market Floor
NOTE: To register as a User, an individual must belong to a previously approved company, have been issued the corporation's business number and corporate password by their Key Contact, and have read the Agreement and acknowledged to abide by its contents.
