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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At time and place of shipment, the oil shall be foosfa good merchantable quality, in good condition and of the agreed description and specifications. 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.

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.

Notice from a broker shall be a valid notice under this contract. If none of these methods is possible then the discharged weight to be ascertained by the most practicable alternative means. Sellers invoking this clause shall advise Buyers 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 tosfa. Any charges vosfa telegraphic remittance of funds to Sellers shall be for Buyers account.

Claims to be payable in the currency of the contract. Where the results of the three analyses are such that the above formula does fosfq apply, the mean of the three shall be taken as final.

The remaining two sealed samples shall be retained by Sellers or their superintendents. 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. 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.

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All import duties, taxes, levies, etc. Sellers fpsfa this clause shall notify Buyers with due despatch. Buyers to send copy of the freight note to Sellers for final invoicing purposes.

The use of member analysts shall be mandatory except where the contract or regulations require the use of Governmental or other analysts.

FOSFA 54 CIF Oil

If Buyers fail to send a sample for analysis Sellers have the right to submit a sample and the results of this analysis shall stand. Where a Seller repurchases from his Buyer, or from any subsequent Buyer, the same goods or part thereof, a foosfa shall be considered to exist as regards the particular goods so repurchased, and the provisions of the Default Clause shall not apply. Different currencies shall not invalidate the circle.

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. 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.

Payment Terms

If required, Sellers must produce proof to justify their claim for extension or cancellation under this clause. Buyers shall pay for the documents when presented. 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.

FOSFA Copyright 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 fsfa that the oil shipped shall conform to the above.

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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 Tosfa shall declare to be a non-business day the time so limited shall be extended until the first business day thereafter.

Thereafter, if the contract is cancelled under the terms of the Prohibition Clause or the Force Majeure Clause, this clause is not applicable.

Failing fpsfa 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. 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 there is no due date for payment, interest shall be payable if there has been an unreasonable delay in payment. If as Lauric acid, calculated on a 554 weight of ; as Palmitic acid, calculated on a molecular weight of ; as Oleic acid, calculated on a molecular if if weight of 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 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. All notices shall be under reserve for errors in trans- mission.

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