Standards
FOSFA 04 FOB Oilseeds Contract
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- Written by Mr. Sergey
- Parent Category: Contract Negotiation
- Category: FOSFA Contract
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FEDERATION OF OILS, SEEDS AND FATS ASSOCIATIONS LIMITED. FOSFA INTERNATIONAL
4th CONTRACT FOR OILSEEDS IN BULK FOB TERMS. Revised and Effective from 1st January. Reference Nos
SELLERS: BUYERS: BROKERS: Date:
Quality:
-Oil content basis 44% tale quale sample, reciprocal allowances 1,5% for each 1% over or under the basis ,fractions in proportion.
-Moisture basis 9% max 10% with penalty 1:1 non reciprocal to be paid from Sellers to Buyers between 9% and 10% fractions in proportions.
-Admixtures basis 2% max 4% with penalty 1:1 non reciprocal to be paid from Sellers to Buyers between 2% and 4% fractions in proportion.
-FFA basis 2% max 3% bonif 2:1 between 2% and 3% fractions in proportion to be paid from Sellers to Buyers.