FOSFA 54 FOR VEGETABLE AND MARINE OIL IN BULK CIF DELIVERED WEIGHTS. SELLERS: BUYERS: BROKERS. GAFTA Weighing Rules No. download GAFTA Sampling Rules No. download FOSFA download FOSFA download GAFTA fumifation rules FOSFA Uploaded by Can Yigit Dinc. Fosfa Copyright: © All Rights Reserved. Download as PDF or read online from Scribd. Flag for inappropriate content.

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54 FOSFA CIF Oct 1 _百度文库

The use of member analysts shall be mandatory except where the contract or regulations require the use of Governmental or other analysts. All import duties, taxes, levies, etc.

The remaining two sealed samples shall be retained by Sellers or their superintendents. Notices shall be passed on with due despatch by intermediate Buyers and Sellers. 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, ofsfa amicable settlement, be determined by arbitration.

Regulatory documents (GAFTA, FOSFA contracts etc.)

FOSFA Copyright If the packages are supplied by the Buyers but the residue is not delivered such residue or unpumpable 544 shall not be included in the delivered weight. The provisions of this clause to be inoperative if the goods have been sold afloat. The analysis fee shall be equally divided between Sellers and Buyers.

Buyers shall inform Sellers immediately there fsfa a claim against the guarantee and Sellers shall have the right to be joined in any legal action arising therefrom. If as Lauric acid, calculated on a molecular weight of ; as Palmitic acid, calculated on a molecular weight of ; as Oleic acid, calculated on a molecular if if weight of All business days shall be deemed to end at If none of these methods is possible then the discharged weight fsfa be ascertained by the most practicable alternative means.

Buyers shall pay for the documents when presented. Sellers invoking this clause shall notify Buyers with due despatch. Samples to be kept for three months from date of Bill of Lading.

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 fosfaa 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. Payment shall not be gosfa to have been effected before receipt of cleared funds by the payee or his bank.


Should either party be dissatisfied with the price ascertained by re-purchase or re-sale, then the matter shall be referred to ffosfa. Claims to be payable in the currency of the contract.

The goods are sold 544 shipment to. T and T Sellers have agreed to sell and Buyers have agreed to buy. Thereafter, if the contract is cancelled under the terms of the Prohibition Clause or the Force Majeure Clause, this clause is not applicable. All export duties, taxes, levies, etc.

The use of member superintendents shall be mandatory except where: Where a Seller repurchases from his Buyer, or from any subsequent Buyer, the same goods or part thereof, a circle shall be considered to exist as regards the particular goods so repurchased, and the provisions of the Default Clause shall not apply. 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. In any month containing an odd number of days the middle day shall be reckoned as belonging to both halves of the month.


Different currencies shall not invalidate the circle. At time and place of shipment, the oil shall be of good merchantable quality, in good condition and of the agreed description and specifications.

fosa If the oil 544 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. Should the time limit for doing any act or giving any notice expire on a Saturday, Sunday or any public holiday in the country where the party required to do the act or give the notice resides or carries on business or in the country where the act 554 to be done or the notice has to be received or on any day which the Federation shall declare to be a tosfa day the time so limited shall be extended until the first business day thereafter.

Sampling shall be done in tosfa with the method in Fofsa Otherwise Buyers to be liable to pay demurrage at the rate stipulated in the Charter Party or Contract of Affreightment. 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.


Any expense for covering war risks insurance in excess of? Fozfa to be despatched by any means vosfa rapid written communication E-mail excluded. If any payment is not made on or before the due date for payment, interest shall be payable. Sellers invoking this clause shall advise Buyers with due despatch. 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.

No circle shall be considered to exist if its existence is not established within 45 days after the last day of shipment. The following shall not apply to this contract: 544 settlement shall be due for payment not later than 15 consecutive days after the last day for declaration or, should the circle not be established before the expiry of this time, then settlement shall be due for payment not later than seven days after the circle is established.

Failing amicable agreement the market price shall be that declared by a Price Settlement Committee of the Federation appointed for that purpose on application of either party. 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 flsfa claim for extension or cancellation under this clause.

Damages to be computed on the mean contract quantity. Weights shall then be established as soon as it is deemed practicable by the superintendents representing the parties and a final invoice shall be issued accordingly. Interest payable shall be appropriate to the currency involved.