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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Proof of string to be provided, if required, by either party. Analysis of cosfa s taken at time of loading or, in the event of the oil not being loaded within 15 consecutive days of the contract period, at the end of the extension period allowed under the Extension Clause, to be final.
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 by the other party although received after such time, provided notices by intermediate parties have been passed on with due despatch. 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.
Notices to be despatched by any means of rapid written communication E-mail excluded.
53 FOSFA Oct 1 _百度文库
Details of seals and labels shall be given on loading weight report s and analysis certificate s. In the event of a claim under the Prohibition Clause or the Force Majeure Clause the date for settlement shall be deferred until the expiry of the extended delivery period.
Buyers shall be entitled to an extension of the original contract delivery period fosfaa exceeding 15 days in which to provide suitable freight. Laytime not s to commence prior to expiry of minimum number of days pre-advice for nomination of ship unless Sellers agree to load earlier in which case laytime to commence when ship actually commences to fozfa.
Analysis fees shall be for account of the party ordering the analysis. Sellers invoking this clause shall advise Buyers with due despatch. Should such cause exist for a period of gosfa days beyond the contract delivery period, the contract or any unfulfilled part thereof so affected shall be cancelled. In default of fulfilment of this contract by either party, the other party at his discretion shall, fsfa giving notice, have the right either to cancel the contract, or the right to sell or purchase, as the case fosfs be, against the defaulter who shall on demand make good the loss, if any, on such sale or purchase.
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.
FOSFA 53 FOB Oil in bulk
If there is no due date for payment, interest shall be payable if there has been an unreasonable delay in payment. Sellers fpsfa agreed to sell and Buyers have agreed to buy. The use of member analysts shall be mandatory except where the contract or national laws or regulations fsofa the use of Governmental or other analysts.
Buyers shall notify their Sellers and first Sellers if known of such substitution as soon as possible but not later than foefa business days before the expected arrival of the original ship. 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.
If loading is commenced within 15 days after the original contract delivery period, payment shall be made in accordance with the Dosfa Clause. The contract delivery period not to be affected by this clause. But should prohibition continue for 30 days, the contract or any unfulfilled part thereof shall be cancelled. In the event s of a string, the first Seller 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.
If the oil to be shipped is not to be commingled in the vessel s tank s with oil loaded by any other Seller sSellers under this contract have the option that the sample s shall be drawn from the vessel s tank s. Notices shall be passed on with due despatch by intermediate Buyers and Sellers.
FOSFA 53 FOB Oil in bulk
The original delivery period and any extension thereto shall not be affected by this clause. 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.
Any dispute arising out of or in connection therewith shall be submitted to arbitration in accordance with the Rules of the Federation. All samples drawn under the terms of this contract when delivered to FOSFA International or to the analyst s to become their absolute property.
Loading in accordance with the provisions of the Loading Clause and at an average rate of. Reference in the contract to superintendents, surveyors or representatives shall mean member superintendents of FOSFA International.
Regulatory documents (GAFTA, FOSFA contracts etc.)
The following shall not apply to this contract: If any payment is not made on or before the due date for payment, interest shall be payable. If required, Sellers must produce proof to justify their claim for extension or cancellation under this clause. The party claiming Force Majeure must produce proof to justify their claim if required.
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. Damages to be computed on the mean contract quantity. All notices shall be under reserve for errors in transmission. Failing amicable 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.
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 be cognizant.
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.
All notices shall have been passed on with due despatch. All business days shall be deemed to end at