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.
|Published (Last):||16 March 2017|
|PDF File Size:||20.43 Mb|
|ePub File Size:||4.47 Mb|
|Price:||Free* [*Free Regsitration Required]|
All export duties, taxes, levies, etc. In case of default after extension the default date shall be similarly deferred. In the event that Buyers 45 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.
If any payment is not made on or before the due date for fsfa, interest shall be payable. Sweepings shall be accepted with a fair allowance, to be fixed by agreement or by arbitration. Parties shall pass on certificates of analysis with due despatch. Reference in the contract to superintendents, surveyors or representatives shall mean member superintendents of FOSFA International.
If there is no due date for payment, interest shall be payable if there has been an unreasonable delay in payment. Interest payable shall be appropriate to the currency involved.
If as Lauric acid, calculated on a molecular weight of ; as Palmitic acid, calculated on gosfa molecular weight of ; as Oleic acid, calculated on a molecular if if weight of 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 ffosfa cognizant.
Otherwise Buyers to be liable to pay demurrage at the rate stipulated in ffosfa Charter Party or Contract of Affreightment.
In any month containing an odd number of days the middle day shall be reckoned as belonging to both halves of the month. Presentation of documents does not constitute a notice under the terms of this clause.
No circle shall be considered to exist if its existence is not established within 45 days after the last day rosfa shipment.
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 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. If none of these methods is possible then the shipping weight to be ascertained by the most practicable alternative means.
Samples to be kept for three months from date fisfa Bill of Lading.
Regulatory documents (GAFTA, FOSFA contracts etc.) | CISS Group
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.
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. Such 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.
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.
Buyers shall pay for the documents when presented. 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 charges for telegraphic remittance of funds to Sellers shall be for Buyers account.
Thereafter, if the contract is cancelled under the terms of the Prohibition Clause or the Force Majeure Clause, this clause is not applicable.
FOSFA 54 CIF Oil
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. 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.
The remaining two sealed samples shall be retained by Sellers or their superintendents. Sampling shall be done in accordance with the method in ISO All notices shall be under reserve for errors in trans- mission.
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.
If freight 554 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: Damages to be computed on the mean contract quantity.
All business days shall be deemed to end at All import duties, taxes, levies, etc. Neither party hereto, nor any persons claiming under either of them, fsfa bring any action or other legal proceedings against the other of them in respect of any such dispute until such dispute fosfq first have been heard and determined by the arbitrators, umpire or Board of Appeal as the case may bein accordance with the Gosfa 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 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. If the party liable to fosfw 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.
Sellers have agreed to sell and Buyers have agreed to fsfa.