53, Vegetable and Marine Oil – FOB Terms, April 54, Vegetable and Marine Oil – CIF Terms, September 55, Linseed Oil – CIF Terms, September. FOSFA 53 FOR VEGETABLE AND MARINE OIL IN BULK FOB TERMS. SELLERS: FOSFA 53 FOB Oil in bulk Contract. Details: Parent. 53 FOSFA Oct 1 _交通运输_工程科技_专业资料。 BULK Revised and Effective from 1st October FOB TERMS 53 Reference Nos.

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Loading in accordance with the provisions of the Loading Clause and at an average rate of. Details of seals and labels shall be given fowfa loading weight report s and analysis certificate s. Sellers or their superintendents shall send sealed sample s for analysis on the contractual specifications to an analyst.

If Buyers exercise their option to take delivery in store, Foxfa shall nevertheless deliver to the ship if it presents in time for loading to commence before the expiry of the extension period.

OIL, in bulk at. All notices shall have been passed on with due despatch. All Sellers and Buyers shall give every assistance to the establishment of the circle and when a circle shall have been established same shall be binding on all parties to the circle.

Sellers to be responsible for obtaining export licence, if required. Thereafter, if the contract is cancelled under the terms of fosfq Prohibition Clause or the Force Majeure Clause, this clause is not applicable.

The oil shall be of good merchantable quality of the agreed description and contractual specification at time of delivery rosfa at the end of the extension period if not shipped. Prior to the last day of the contract delivery period either party may notify the other party of its inability to deliver or take delivery but the date of such notice shall not become the default date without the agreement of the other party. If any payment is not made on or before the due date for payment, interest shall be payable.

Sellers also to provide Certificate of Analysis and Certificate of Origin. In any month containing an odd number of days the middle day shall be reckoned as belonging to both halves of the month. If the rate 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. Buyers shall be entitled to an extension of the original contract delivery period not exceeding 15 days in which to provide suitable freight.

If the oil is delivered to more than one tank of the same ship the analysis details of the oil delivered to each separate tank at loading shall conform ffosfa the contract specifications.


Regulatory documents (GAFTA, FOSFA contracts etc.)

All business days shall be deemed to end at The original delivery period and any extension thereto shall not be affected by this clause. Rates fisfa carrying in accordance with the Extension Clause. Shipped weights, as ascertained by a recognised independent Surveyor.

If, for any other reason, either party fails to fulfil the contract and is declared to be in default by the other party and default is agreed between the parties or subsequently found by the arbitrators to have occurred, then the day of the default shall, failing amicable settlement, be decided by arbitration.

Notice from a broker shall be cosfa valid notice under this contract. Buyers shall notify their Sellers and first Sellers if known of such substitution as soon as possible but not later than 2 business days before the expected arrival of the original ship.

The party claiming Force Majeure must produce proof to justify their claim if required. The following shall not apply to fosga contract: Minimum flash point of ? Samples should be kept for three months from the date of the Bill of Lading.

53 FOSFA Oct 1 _百度文库

Sampling shall be done in fosfaa with the method in ISO Any dispute arising out of this contract, including any question of law arising in connection therewith, fodfa 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.

Each delivery to be considered a separate contract. Buyers may appoint a representative to superintend weighing on their behalf. Sellers invoking this clause shall advise Buyers with due despatch. Where no such rate is stated loading shall be at an average rate of metric tons per running vosfa provided the ship can receive at that rate. No circle shall be considered to exist if its existence is not established within 45 days after the last day of the delivery period.

Interest payable shall be fodfa to the currency involved. Parties shall pass on certificate s of analysis with due despatch.

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.

In the event that loading is not commenced within 15 days of the original contract delivery period the provisions of the Default Clause shall apply and Buyers shall additionally pay to Sellers an amount equal to carrying charges for the total extension period.

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.


Thereafter, all costs of whatsoever nature arising including the cost of removing the oil to separate other storage but excluding those of putting the oil FOB ruling on the fosva day of the extension shall be paid by Buyers.

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 foafa 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 fosfx the arbitrators, umpire or Board of Appeal as the case may beshall be a condition precedent to the right of either party hereto or any fosfw claiming under either of them to bring any action or other legal proceedings against the other of them in respect of any such dispute.

Notices to be despatched by any means of rapid written communication E-mail excluded. The use of member analysts shall be mandatory except where the contract or national laws or regulations require the use of Governmental or other analysts.

Regulatory documents (GAFTA, FOSFA contracts etc.) | CISS Group

This contract shall be deemed to have been fosaf in England and the construction, validity and performance thereof shall be governed in all respects by English Law. 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.

The contract delivery period not to be affected by this clause. If two analyses are made, the mean of the two results, and if three analyses are made, the mean of the two results closest to each other, as the case may be, shall be binding and form the basis of final settlement.

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. 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 the law or equity to the contrary notwithstanding.