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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In the event that Buyers receive an allowance under the Conrract, Condition and Specifications Clause, Buyers to return the insurance policy contarct Sellers in order that they make any recovery thereunder. Samples to be kept for three months from date of Bill of Lading. 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.
If the packages are supplied by the Buyers but the residue is not delivered such residue or unpumpable oil shall not be included in the delivered weight. Any expense for covering war risks insurance in excess of? All Sellers and Buyers shall give every assistance to the establishment of the circle and where a circle shall have been established same shall be binding on all parties to the circle. 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.
The analysis fee shall be equally divided between Sellers and Buyers.
Buyers shall inform Sellers immediately there is a claim against the guarantee and Sellers shall have the right to be joined in any legal action arising therefrom. 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.
Revised and Effective from 1st Sepember. 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. Revised and Effective from. All export duties, taxes, levies, etc. T and T 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.
This contract shall be deemed to have been made in England and the construction, validity and performance thereof shall be governed in all respects by English law. Neither party hereto, nor any persons claiming under either of them, shall bring any action or other legal proceedings against the other of them in respect of any such dispute until such dispute shall first have been heard and determined by the arbitrators, umpire or Board of Appeal as the case may bein accordance with the Rules of Arbitration and Appeal of the Federation, and it is hereby expressly agreed and declared that the obtaining of an Award from the arbitrators, umpire or Board of Appeal as the case may beshall be a condition precedent to the right of either party hereto or of any person claiming under either of them to bring any action or other legal proceedings against the other of them in respect of any such dispute.
Should the oil on arrival not prove equal to the above, or should the oil contain sea water or other admixture, this contract not to be void, but the oil is to be taken with an allowance to be agreed upon or fixed by arbitration provided always that the oil shipped shall conform to the above.
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 borne by Sellers and allowed for in the final invoice. Feed Mill Arbitration Arbitration. 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.
FOSFA 54 CIF Oil
The following shall not apply to this contract: 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.
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. Buyers shall pay for the documents when presented. Claims to be payable in the currency of the contract. Notices shall be passed on with due despatch by intermediate Buyers and Sellers.
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 Parties shall pass on certificates of analysis with due despatch.
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 has to be done or the notice has to be received or on any day which the Federation shall declare to be a non-business day the time so limited shall be extended until the first business day thereafter.
Sellers have agreed to sell and Buyers have agreed to buy goods as described below on terms and conditions hereinafter. Register to read more The use of member superintendents shall be mandatory except where: 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 the event of more than one shipment being made each shipment is to be considered as a separate contract but the tolerance on cohtract mean contract quantity is not to be affected fpsfa.
54 FOSFA CIF Oct 1 _百度文库
Sampling shall be done in accordance with the method in ISO If Buyers fail to send a sample for analysis Sellers have the right to submit a sample and the results of this analysis shall fksfa. No circle shall be considered to exist if its existence is not established within 45 days after the last day of shipment. Please send inquiry for sevice. Revised and Effective from 1st September Sellers have agreed to sell and Buyers have agreed to buy metric tons.
Different fodfa shall not invalidate the circle.