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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All notices shall have been passed on with due despatch. The oil shall be of good merchantable quality of the agreed description and contractual specification at time of delivery or at the end of the extension period if not shipped.

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 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. Sellers shall complete loading after the expiry of the extension period, provided Buyers present Notice of Readiness to load within the extended period.

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

If there is no due date for payment, interest shall be payable if there has been an unreasonable delay in payment. 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, tosfa any, shall, failing amicable settlement, be determined by arbitration.

In the event s of a string, the first Fosga shall accept the nomination provided it has been received by him not later than 10 consecutive days before the date of the ships expected date of readiness to load.

The contract delivery period not to be affected by this clause.

53 FOSFA Oct 1 _百度文库

Notice from a broker shall be a valid notice under this contract. 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. Payment shall not be deemed to have been effected before receipt of cleared funds by the payee or his bank.

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Any dispute arising out of or in connection therewith shall be submitted to arbitration in accordance with the Rules of the Federation. OIL, in bulk at.

FOSFA 53 FOB Oil in bulk

Different currencies shall not invalidate the circle. Details of seals and labels shall be given on loading weight report s and analysis certificate s. The party requesting such analysis shall, within five business days after receipt of the preceding analysis, notify the other party, arrange for a sealed sample to be sent to another analyst, and give the necessary instructions to the analyst.

Sellers have agreed to sell and Buyers have agreed fosfaa buy. 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. All samples drawn under the terms vosfa this contract when delivered to FOSFA International or to the analyst s to become their absolute property.

Any notice received after The following shall not apply to this contract: 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.

Analysis of sample s taken at time of loading or, in the event of the oil not being loaded within 15 consecutive days of fosfw contract period, at the end of the extension period allowed under the Extension Clause, to be final.

In cosfa 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. Buyers need not state the exact number of days they require when giving such notice. Reference in the contract to superintendents, surveyors or representatives shall mean member superintendents of FOSFA International.

Buyers may appoint a representative to superintend weighing on their behalf. The warrant, delivery order or similar document to be guaranteed by a Bank if requested by Buyers in the cosfa. All business days shall be deemed to end at If required, Sellers must produce proof to justify their claim for extension or cancellation under this clause.

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

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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. Samples should be kept for three months from the date of the Bill of Lading. Buyers shall be entitled to an extension of the original contract delivery period not exceeding 15 days in which to provide suitable freight. Where no such rate is stated loading shall be at an average rate of metric tons per running hour provided the ship can receive at that rate.

The party claiming Force Majeure must produce proof to justify their claim if required. In the event this contract forms part of a string of contracts for the same goods on the same terms, notice s of second and third analysis by intermediate parties shall be accepted 533 the other party although received after such time, provided notices by intermediate parties have been passed on with due despatch.

Prior to the last day of the contract delivery period either party may notify the other party of its inability to fofsa or gosfa delivery but the date of such notice shall not become the fofsa date without the agreement of the other party.

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 35 to have occurred, then the day of the default shall, failing amicable settlement, be decided by arbitration. Thereafter, if the contract is cancelled under the terms of the Prohibition Clause or the Force Majeure Clause, this clause is not applicable.

Sellers to deliver the oil at not fisfa than the loading rate stated in the Preamble. Minimum flash point of ?