FOSFA 53 PDF

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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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.

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. Where Sellers have the option to deliver from alternative load ports Sellers shall declare actual load port no later than the first business day of the month prior to commencement of delivery period.

FOSFA 53 FOB Oil in bulk

Notice of such extension shall be given to Sellers as soon as possible but not later than the last business day of the original contract delivery period. All notices shall have been passed on with due fosfs.

In any month containing an odd number of days the middle day shall be reckoned as belonging to both halves of the month. All samples drawn under the terms of this contract when delivered to FOSFA International or to the analyst s to become their absolute property.

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. 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 rosfa 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 any person claiming under either of them to bring any action or other legal proceedings against the other foosfa them in respect of any such dispute.

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Sellers to be responsible for obtaining export licence, if required. Parties shall pass on certificate s fosfx analysis 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.

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

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

Sellers invoking this clause shall advise Buyers with due despatch. Damages to be computed on the mean contract quantity. The party claiming Force Majeure must produce proof to justify their claim if required. In the event of a fsfa under the 553 Clause or the Force Majeure Clause the date for settlement shall be deferred until the expiry of the extended delivery period.

Samples should be kept for three months from the date of the Bill of Lading. Notice from a broker shall be a valid notice under this contract. All business days shall be deemed to end at 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 Foosfa Limited, in force at the date of this contract and of which both parties hereto shall be deemed to be cognizant.

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53 FOSFA Oct 1 _百度文库

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 15th day of the extension shall be paid by Buyers. Any dispute arising out of or in connection therewith shall be submitted to arbitration in accordance with the Rules of the Federation. Minimum flash point of ? All Sellers and Buyers shall give every assistance to the establishment of the circle and when a circle fosda have been established same shall be binding on all parties to the circle.

Buyers need not state the exact number of days they require when giving such notice. Shipped weights, as ascertained by a recognised independent Surveyor.

Buyers shall be entitled to an extension of the original contract delivery period not exceeding 15 days in which to provide suitable freight. Analysis fees shall be for account of the party ordering the analysis.

Proof of string to be provided, if required, by either party. Thereafter, if the contract is cancelled under the terms of the Prohibition Clause or the Force Majeure Clause, this clause is not applicable.

Sellers or their superintendents shall send sealed sample s for analysis on the contractual specifications to an analyst. Each delivery to be considered a separate contract. If Buyers exercise their option to take delivery in store, Sellers shall nevertheless deliver to the ship if it presents in time for loading to commence fpsfa the expiry of the extension period.

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 fowfa so 5, and the provisions of the Default Clause shall not apply.

No circle shall be considered to exist if its existence is not established within 45 days after the last day of the delivery period.