FOSFA INTERNATIONAL. CONTRACT 54 FOR VEGETABLE AND MARINE OIL IN BULK CIF DELIVERED WEIGHTS. Revised and Effective. FOSFA is professional international contract issuing and arbitral body with world trade in CONTRACT 54 FOR VEGETABLE AND MARINE OIL IN BULK CIF. GAFTA Weighing Rules No. download GAFTA Sampling Rules No. download FOSFA download FOSFA download GAFTA fumifation rules
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Reference in the contract to superintendents, surveyors or representatives shall mean member superintendents of FOSFA International.
The use of member analysts shall be mandatory except where the contract or regulations require the use of Governmental or other analysts. I agree with the Terms and Conditions. The analysis fee shall be equally divided between Sellers and Buyers.
Sellers have agreed to sell and Buyers contrract agreed to buy metric tons. Sellers have agreed to sell and Buyers have agreed to buy 00 say OIL, in.
Parties shall pass on fisfa of analysis with due despatch. Sellers have agreed to sell and Buyers have agreed to buy. In the event of more than one shipment being made each shipment is to be considered as a separate contract but the tolerance on the mean contract quantity is not to be affected thereby.
Regulatory documents (GAFTA, FOSFA contracts etc.)
Buyers or their superintendents shall retain three sealed samples and, if required, shall send one sealed sample with due despatch for analysis to an analyst. In case of default after extension the default date shall be similarly deferred.
Please send inquiry No right click. Any dispute arising out of this contract, including any question of law arising in connection therewith, shall be referred to arbitration in London or elsewhere if so agreed in accordance with the Rules of Arbitration and Appeal of the Federation of Oils, Seeds and Fats Associations Limited, in force at the date of this contract and of which both parties hereto shall be deemed to be cognizant.
Should Sellers have failed to present shipping documents on arrival of the ship at destination, Buyers shall take delivery under a guarantee acceptable to the shipowners to be provided by the Buyers, such guarantee to be signed by a first class bank if required by the shipowners. Should either party be dissatisfied with the price ascertained by re-purchase or re-sale, then the matter shall be referred to arbitration. Revised and Effective from.
Damages to be computed on the mean contract quantity. These members include producers and processors, shippers and dealers, traders, brokers and agents, superintendents, analysts, shipowners, tank storage companies and others, providing services to traders.
Where the results of the three analyses are such that the above formula does not apply, the mean of the three shall be taken as final.
FOSFA 54 CIF Oil in bulk
Revised and Effective from 1st September In default of fulfilment of this contract by either party, the other party at his discretion shall, after giving notice, have the right either to cancel the contract, or the right to sell or purchase, as the case may be, against the defaulter who shall on demand make good the loss, if any, on such sale or purchase.
The FFA content shall be expressed as follows: If the party liable to pay shall be dissatisfied with the price of such sale or purchase, or if neither of the above rights is exercised, the damages, if any, shall, failing amicable settlement, be determined by arbitration. Revised and Effective from 1st Sepember.
The serving of proceedings upon any party by sending same to their last known address together with leaving a copy of such proceedings at the offices of the Federation shall be deemed good service, rule of law or equity to the contrary notwithstanding.
54 FOSFA CIF Oct 1 _百度文库
If required, Sellers must produce proof to justify their claim for extension or cancellation under this clause. FOSFA is a professional international contract issuing and arbitral body concerned exclusively with the world trade in oilseeds, oils and fats with over members in 75 countries Please send inquiry for sevice. Should such cause exist for a period of 60 days beyond the contract shipment period the contract or any unfulfilled part thereof so affected shall be cancelled.
The provisions of this clause to be inoperative if the goods have been sold afloat. In the event that Buyers take delivery as above and Sellers fail to provide shipping documents and if the guarantee provided by Buyers as above is encashed by the shipowners, Sellers shall be responsible for all damages, costs and consequences arising from their failure to present documents.
Buyers have no claim against Sellers for delay in shipment or cancellation under this clause provided that Sellers shall have supplied to their Buyers, if required, satisfactory evidence justifying delay or non-fulfilment to establish any claim for extension or cancellation under this clause. If the oil is shipped in more than one tank of the same ship, the analysis details of the oil in each separate tank at loading shall conform to the above.
Two sets of these s samples shall be handed to the Master with instructions to hand over to the Receivers at port of discharge or their superintendents.
Should the ship arrive before receipt of declaration of shipment and extra expenses be incurred, such expenses are to be paid by Sellers. An asterisk denotes alternative wording, and should be matter of agreement between the parties. Sweepings shall be accepted with a fair allowance, to be fixed by agreement or by arbitration.
The contract shipment period not to be affected by this clause. Otherwise Buyers to be liable to pay demurrage at the rate stipulated in the Charter Party or Contract of Affreightment.
If freight is to be paid in a currency other than the currency of this contract, the conversion in the final invoice shall be made at the rate of exchange on the day of actual freight payment: All export duties, taxes, levies, etc.