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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An asterisk denotes alternative wording, and should be matter of agreement between the parties. I agree with the Terms and Conditions. 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. Any notices received after Claims to be payable in the currency of the contract.

All Sellers and Buyers shall give every assistance to the establishment of the circle and where a circle shall have been fosfq same shall be binding on all parties to the circle. In the event of shipment during the extended period still proving impossible by reason of any of the causes in this clause the contract or any unfulfilled part thereof shall be cancelled.


The FFA content shall be expressed as follows: In the event that Buyers receive an allowance under the Quality, Condition and Specifications Clause, Buyers to return the insurance policy to Sellers in order that they make any recovery thereunder.

Revised and Effective from 1st Sepember. Sellers have agreed to sell and Buyers have agreed to buy goods as described below on terms and conditions hereinafter. Interest payable shall be appropriate to the currency involved. Any reasonable extra expenses, including costs of such guarantee or extra handling charges incurred by reason of the failure of Sellers to provide such documents, shall be xontract by Sellers and allowed for in the final invoice.


The remaining sets of samples to be retained by the superintendent at the port of loading.

54 FOSFA CIF Oct 1 _百度文库

All business days shall be deemed to end at These members include producers and processors, shippers and dealers, traders, brokers and agents, superintendents, analysts, shipowners, tank storage companies and others, providing services fsfa traders. No circle shall be considered to exist if its existence is not established within 45 days after the last day of shipment. Otherwise Buyers to be liable to pay demurrage at the rate stipulated in the Charter Party or Contract of Affreightment.

Register to read more If the amount of interest is not mutually agreed, a dispute shall be deemed to exist which shall be settled by arbitration in accordance with the Arbitration Clause. All notices shall be under reserve for errors in trans- mission. Notices to be despatched by any means of rapid written communication E-mail excluded.


If none of these methods is contracg then the discharged weight to be ascertained by the most practicable alternative means. If none of these methods is possible then the shipping weight to be ascertained by the most practicable alternative means. The goods are sold for shipment to.

If establishment of weights is not completed within 5 working days after discharge Sellers may submit an interim invoice which shall become due and payable based on Bill of Lading weights. Revised and Effective from 1st January.


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. Minimum flash point of ? Damages to be computed on the mean contract quantity. 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.

FOSFA Contract

Should extra lighterage expenses be incurred owing to Sellers tendering less than 50 tons for a contract of a greater quantity, the extra costs to be borne by Buyers and Sellers equally. The damages awarded against the defaulter shall be limited to the difference between the contract price and the actual or estimated market price on the day of default.

T and T 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: Sweepings shall be accepted with a fair allowance, to be fixed by agreement or by arbitration.

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