FOSFA Membership Pack

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Introduction

Introduction

The Federation was founded in 1971 on the amalgamation of four predecessor associations, the oldest of

The Federation was founded in 1971 on the amalgamation of four predecessor associations, the oldest of

which dates back to 1863. Today the Federation represents over 9

which dates back to 1863. Today the Federation represents over 9660 members in0 members in7979 countrie countries. FOSFs. FOSFAAis ais a professional international contract issuing and arbitral body concerned exclusively with the world trade in

professional international contract issuing and arbitral body concerned exclusively with the world trade in

oilseeds, oils, fats and edible groundnuts and is the major association of its kind in the field.

oilseeds, oils, fats and edible groundnuts and is the major association of its kind in the field.

World trade in oilseeds, oils, fats and edible peanuts involves the physical movement of tens of millions of

World trade in oilseeds, oils, fats and edible peanuts involves the physical movement of tens of millions of

tons each year. In addition, many parcels change hands more than once. Every country in the world

tons each year. In addition, many parcels change hands more than once. Every country in the world

consumes oilseeds, oils and fats and most are involved in the import/export of these commodities as raw

consumes oilseeds, oils and fats and most are involved in the import/export of these commodities as raw

materials or products. The inevitable result is hundreds of thousands of individual contracts with a combined

materials or products. The inevitable result is hundreds of thousands of individual contracts with a combined

annual turnover running into billions of dollars. Much of this trade takes place between people who do not

annual turnover running into billions of dollars. Much of this trade takes place between people who do not

share a common language and who

share a common language and who operate under different legal systems; and without some operate under different legal systems; and without some standardisationstandardisation

of contract terms and language, participants could find themselves faced with vast numbers of disputes,

of contract terms and language, participants could find themselves faced with vast numbers of disputes,

possibly with costly, lengthy and unnecessary litigation.

possibly with costly, lengthy and unnecessary litigation.

Membership of the Federation is open to any individual, company or organisation actively involved in the

Membership of the Federation is open to any individual, company or organisation actively involved in the

trade of oilseeds, oils and fats or groundnuts, or in the supply of services related to these trades. The majority

trade of oilseeds, oils and fats or groundnuts, or in the supply of services related to these trades. The majority

of members are drawn from the following sectors: producers and processors, shippers and dealers, traders,

of members are drawn from the following sectors: producers and processors, shippers and dealers, traders,

brokers and agents, superintendents, analysts, shipowners, tank storage companies, and others providing

brokers and agents, superintendents, analysts, shipowners, tank storage companies, and others providing

services to traders.

services to traders.

Contracts

Contracts

FOSFA

FOSFAhas an extensive range of standard forms of contracts covering goods shipped either CIFhas an extensive range of standard forms of contracts covering goods shipped either CIF, C&F or, C&F or

FOB. The contracts provide the terms of trade for the

FOB. The contracts provide the terms of trade for the oilseeds, oils and fats and groundnut commodities. Theyoilseeds, oils and fats and groundnut commodities. They

cover the principal oilseeds (soybeans, sunflowerseeds, rapeseed and others), vegetable and marine oils and

cover the principal oilseeds (soybeans, sunflowerseeds, rapeseed and others), vegetable and marine oils and

fats, refined oils and fats and groundnuts, from different origins worldwide, and for different methods of

fats, refined oils and fats and groundnuts, from different origins worldwide, and for different methods of

transportation or for different terms of trade. Internationally, 85% of the global trade in oils and fats is traded

transportation or for different terms of trade. Internationally, 85% of the global trade in oils and fats is traded

under FOSFA

under FOSFAcontracontracts.cts.

The Federation’s contracts are drawn up by the members to suit trade practices, through elected specialist

The Federation’s contracts are drawn up by the members to suit trade practices, through elected specialist

committees, involving participation from many countries and ensuring a fair balance between buyers and

committees, involving participation from many countries and ensuring a fair balance between buyers and

sellers, from the producers to the receivers. Many are joint contracts, established in agreement with other

sellers, from the producers to the receivers. Many are joint contracts, established in agreement with other

trade associations worldwide. These contracts are regularly updated and amended as trade terms change or

trade associations worldwide. These contracts are regularly updated and amended as trade terms change or

circumstances dictate.

circumstances dictate.

Contract Referred

Contract Referred Documents

Documents

The movement of bulk liquid cargoes requires that vessels operate to a high standard and that particular

The movement of bulk liquid cargoes requires that vessels operate to a high standard and that particular

attention is paid to the necessity to obviate risks of contamination from previous cargoes.

attention is paid to the necessity to obviate risks of contamination from previous cargoes. All ships loadingAll ships loading

oils and fats under the terms of the Federation’s contracts are required to comply with certain qualifications

oils and fats under the terms of the Federation’s contracts are required to comply with certain qualifications

and to adhere to specific operational procedures as laid down from time to time. Contract referred documents

and to adhere to specific operational procedures as laid down from time to time. Contract referred documents

cover Ships Qualifications, Operational Procedures, Combined Masters Certificate, Certificate of Ships

cover Ships Qualifications, Operational Procedures, Combined Masters Certificate, Certificate of Ships

Cleanliness and previous cargo lists.

Cleanliness and previous cargo lists.

The Federation has been involved in considerable research to determine the degree of compatibility or

The Federation has been involved in considerable research to determine the degree of compatibility or

otherwise of a whole range of substances and both publishes and updates international lists for Acceptable

otherwise of a whole range of substances and both publishes and updates international lists for Acceptable

and Banned previous cargoes, one of which becomes an essential and mandatory part of all

and Banned previous cargoes, one of which becomes an essential and mandatory part of all FOSFAFOSFACIF bulkCIF bulk

liquid contracts and provides a large measure of safety for all concerned. This work is on-going and involves

liquid contracts and provides a large measure of safety for all concerned. This work is on-going and involves

the participation of all sectors of the trade, including shipowners and technical experts, and increasingly IMO.

the participation of all sectors of the trade, including shipowners and technical experts, and increasingly IMO.

Services to

Services to the Trade - Superintendents and Analysts

the Trade - Superintendents and Analysts

As with many international contracts, payment is customarily made for very large sums of money, against a

As with many international contracts, payment is customarily made for very large sums of money, against a

set of documents before the buyer has seen the goods. It follows that heavy reliance has to be placed on the

set of documents before the buyer has seen the goods. It follows that heavy reliance has to be placed on the

validity and accuracy of a full set of documents provided, in particular on those which confirm both the weight

validity and accuracy of a full set of documents provided, in particular on those which confirm both the weight

and quality of the goods supplied.

and quality of the goods supplied.

FOSF

FOSFAAInterInternationnationalal

20 St Dunstan’s Hill 20 St Dunstan’s Hill London, EC3R 8NQ, UK London, EC3R 8NQ, UK Tel: +44 (0)20 7283 5511 Tel: +44 (0)20 7283 5511 Fax:+44 (0)20 7623 1310 Fax:+44 (0)20 7623 1310 E-mail: contact@fosfa.org E-mail: contact@fosfa.org

Professional contractual and arbitral

Professional contractual and arbitral

association promoting the trade in

association promoting the trade in

oils, seeds and fats globally

oils, seeds and fats globally

Federation

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Independent superintendents are appointed to assess the weight and to draw representative samples, whilst independent analysts provide the appropriate quality certificates based on these samples. These are vital functions involving considerable responsibility and the Federation has developed detailed codes of practice to ensure that maximum reliance can be placed on such documents. Furthermore, under the standard contract terms, they can only be issued by companies that have been authorised, as is evidenced by their membership, and in the case of analysts, regular competence tests.

Arbitration and Appeals

The Federation offers a well respected Arbitration Service through which when contractual disputes do arise, the delay and expense of taking a case to court is avoided. Contractual disputes are judged by members of the trade, commercial people who are in touch with current market practices and behaviour.

An average of 80 arbitration cases are processed each year, a small number overall when seen in the context of the volumes traded on FOSFA contracts annually. FOSFA operates a range of arbitration services. If either party to an arbitration award is dissatisfied with the outcome, they have the right to appeal and to ask for a fresh hearing. The Federation facilitates the appeal process and appoints a Board of Appeal from its Appeal Panel which has jurisdiction over the subsequent proceedings. Arbitrators must be members of the Association who are or have been engaged in the trade. Members are entitled to preferential rates for the purchase of Contract Forms, Rules and Arbitration Services.

Trade Policy

The Federation represents the interests of its members to government departments, authorities and international and national organisations. FOSFA monitor and take relevant procedures concerning international and national legislation which could impact on the oilseeds, oils and fats and groundnut trades and affect the terms of the contracts. A regular newsletter keeps the global membership up to date on key policy and trade developments, the activities of the Association and its members and forthcoming events.

Career Development

The Federation holds training programmes for the trade which are globally recognised. FOSFA runs two types of residential courses which offer unique training courses for all aspects of the oilseeds, oils and fats and groundnut trade.

The Basic Introductory Course is the foundation course for junior members of the industry and the five day course covers contracts and contract referred documents, arbitration and appeal, shipping, insurance, commodity banking and technical matters.

The Middle Managers course is a globally recognised trade managers programme. Trade Managers with a minimum requirement of three years in the trade qualify for admission on the course. The five day management course covers all aspects of current trade practices and regulations, as well as introducing specialist case studies and group discussions.

Federation's Structure

A professional and committed staff led by the Chief Executive manages FOSFA activities and implements the decisions of the Council, service the needs of its members and supports its many committees. Members have the right to refer any matters to the Council/Chief Executive and to participate in the election of appropriate representatives. FOSFA participates in representation at IMO, ISO and CODEX. The Council, chaired by the President, is elected annually by the membership and taking advice from similarly elected section and specialist committees, representing the different areas of the trade.

FOSFA Committees -- Council

- Oilseeds - Oils and Fats

- Selected Groundnuts - Contracts

- Technical

- Arbitrations and Appeals FOSFA International 20 St Dunstan’s Hill London, EC3R 8NQ, UK Tel: +44 (0)20 7283 5511 Fax:+44 (0)20 7623 1310 E-mail: contact@fosfa.org

Professional contractual and arbitral

association promoting the trade in

oils, seeds and fats globally

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Membership Benefits

The Federation is able to offer many services to members, which includes -- A voice in the way international trade is conducted

- Direct involvement in committee work, influencing trade practices - FOSFA standard form contracts and contract referred documents

- Arbitration facilities and electronic access to Awards (publication service) - Superintendents and Analysts Schemes

- FOSFA Handbook containing member contact details

- Advisory services covering contractual, legal and technical areas - Trade training and professional development programmes

- A wide range of free or discounted publications and services - Access to FOSFA.net (private members website)

- A quarterly Newsletter of interest to all members

- Information on FOSFA and other trade events, providing networking opportunities

Membership

Applications for membership require to be proposed and seconded by two existing members, one of which must be a trading member, although the Secretariat will be pleased to assist in any cases where this may create a problem. Whist admission to membership does not imply any guarantee by the Federation of a member's standing or integrity, the Council reserves the right to refuse applications, without giving reasons, if it is felt to be in the interests of the existing members.

There are several different categories of membership at varying rates of annual subscription. These are revised periodically by the Council but maintained at the lowest possible level and are assisted by the income generated from the provision of other services, including those supplied to non-members. The details are set out in the Federation's price list.

Membership Categories

Trading Members which shall be companies, firms, sole traders, organisations or others carrying on business as principals to contracts in the commodities covered by the Federation.

Broker Members (Full or Associate) which shall be companies, firms, sole traders, organisations or others which do not act as principals to Federation contracts and only receive remuneration in the form of commission from either or both of the contracting principals concerned.

Analyst Members (Full Analyst or Associated Analyst) which shall be laboratories or analysts not associated with any company, firm or organisation engaged in the trade in Federation commodities and restricted to laboratories or analysts recognised by the Federation for the purposes of analyses carried out under the terms of the Federation's contracts.

Superintendent Members which shall be restricted to independent superintendents recognised by the Federation for the purposes of superintending under the terms of the Federation's contracts.

Non-Trading Members (Full or Associate) which shall be organisations or others not eligible in any or such other specialist categories from time to time in being.

Kindred Associations the Federation has20 member kindred associations on 6 continents representing the

trade in oils, seeds and fats globally.

Further information on all aspects of our services can be ascertained by contact with the Federation. FOSFA International 20 St Dunstan’s Hill London, EC3R 8NQ, UK Tel: +44 (0)20 7283 5511 Fax:+44 (0)20 7623 1310 E-mail: contact@fosfa.org

Professional contractual and arbitral

association promoting the trade in

oils, seeds and fats globally

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www.fosfa.org/fosfanet

One of the benefits of membership is access to an exclusive members website FOSFA.net which is a secure and closed internet site (Intranet). The site contains a number of sections, several of which are highlighted below

-About Us

Introduction to the Federation and details about membership.

Arbitration

Information on the services offered by FOSFA, the Guide/Rules of Arbitration and Appeal and details about the FOSFA Published Awards Service.

Carriage of Oils and Fats

Details about the various Contract Referred Documents, Heating Instructions, ISO Tank Containers, Prescribed Report Forms and other Lists/Reference Documents.

Contracts/Clauses

Individual FOSFA Contracts, Optional Clauses, Insurance Clauses/Exclusions and Settlement Prices.

Members

Electronic directory of membership by category, section, country and name.

News/Events

Details of forthcoming events, trade news/updates, the FOSFA Newsletter and various other  published articles of interest to the oilseeds and oils and fats trade.

Technical

Details about the Superintendents and Analysts Schemes, Sampling and Analysis Methods, the Code of Practice for Member Superintendents, the Technical Manual, Complaints Procedures, Glossaries and the Technical Bulletin.

Training/Education

Information and registration forms for Conferences, Residential Courses and Seminars.

Website Links

Useful points of contact/website links, including shipping, insurance and trade bodies.

FOSFA.net access details are provided upon admission to membership and, thereafter, on payment of annual subscriptions.

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ON-LINE PUBLISHED AWARDS SERVICE

The FOSFA Published Awards database

comprises over 360 awards made up, in the

main, by first-tier arbitration cases. However,

where such awards have been challenged by

one or other party, the FOSFA appeal award

has been incorporated into the file, thus

presenting both formal decision processes in

respect of the dispute. (Amendments made to

awards under the Slip Rule, Section 57 (1996

Act) have been incorporated). The same

principle applies to court referrals, with a brief

executive summary for those few cases where

the courts have been involved. Transcriptions

of court proceedings are not usually provided

to FOSFA, unless of course they become

significant case law and are published in the

public domain.

The Published Awards Service provides a

membership benefit and a unique source of

information to interested parties, thus aiding

trade knowledge and highlighting procedural

matters.

Periodically, new awards are added to the

database (typically 15 a year), but this is

always subject to a supply of awards

becoming available. The cases relate to

disputes arising from contracts entered into

from 1994, and currently cover up to 2008,

early 2009. All awards are edited to take out

the names of parties and service providers in

order to maintain the anonymity of those

involved. FOSFA has applied its best efforts

and knowledge to this editorial function.

This is an inclusive service to all members.

Published Awards

Search Facility

This search facility draws on the FOSFA

Published Awards Database. Three search

categories are available

-Commodity

FOSFA Contract Number

Dispute Issue

The database facility allows selection under

each category, for example:

Commodity:

Palm oil

FOSFA Contract No:

80

Dispute issue:

Dumurrage

Submit your query to obtain results of the

Award/s available in the database that match

these criteria. Please note that many

combinations are not relevant, such as

Sunflower on FOSFA 80.

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May 2013 FEDERATION OF OILS, SEEDS & F ATS ASSOCIATIONS LTD, 20 ST DUNSTAN’S HILL, LONDON, EC3R 8NQ, UK

Tel: +44 (0)20 7283 5511 Fax: +44 (0)20 7623 1310 E-mail: contact@fosfa.org

MEMBERSHIP SUBSCRIPTIONS

TRADING MEMBER (Annual turnover 100,000 Tons or over) £1,250

Covers 3 Representatives

Free copy FOSFA Manual and Amendment Service

Free copy FOSFA Technical Manual and Amendment Service Consultancy and Advisory Service

Discount on Arbitration and Appeal Fees

TRADING MEMBER (Annual turnover 5,000 - 100,000 Tons) £ 975

Covers 2 Representatives

Consultancy and Advisory Service Discount on Arbitration and Appeal Fees

TRADING MEMBER (Annual turnover of less than 5,000 Tons) £ 675

Covers 1 Representative

Consultancy and Advisory Service Discount on Arbitration and Appeal Fees

TRADING OR NON-TRADING MEMBER (SELECTED GROUNDNUTS SECTION ONLY) £ 200 Covers 1 Representative

Consultancy and Advisory Service Discount on Arbitration and Appeal Fees

FULL NON-TRADING MEMBER £ 675

Covers 1 Representative

Consultancy and Advisory Service

ASSOCIATE NON-TRADING MEMBER £ 500

Covers 1 Representative

Consultancy and Advisory Service

FULL BROKER MEMBER £ 500

Covers 1 Representative

Consultancy and Advisory Service

ASSOCIATE BROKER MEMBER £ 250

Covers 1 Representative

Consultancy and Advisory Service

FOSFA FULL ANALYSTS £ 675

Covers 1 Representative

FOSFA ASSOCIATE ANALYSTS £ 600

Covers 1 Representative

SUPERINTENDENT MEMBER £ 675

Covers 1 Representative

KINDRED ASSOCIATION £ 500

Covers 1 Representative

ADDITIONAL REPRESENTATIVES (i.e. those not covered by the basic subscription) £ 40 each (VAT is charged to UK Companies only)

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May 2013

PUBLICATIONS

Members Non-Members

MEMBERSHIP CERTIFICATE £ 10

FOSFA MANUAL

This publication contains eight sections, four sections of Contracts and £ 70 £ 120 Contractual Clauses, the other sections the Rules of Arbitration and Appeal,

the Guide to Arbitration and Appeal and Institute/FOSFA Insurance Clauses FOSFA MANUAL AMENDMENT SERVICE

Automatic updating service per annum £ 40 £ 70

TECHNICAL MANUAL

This publication contains analysis and sampling methods relating to FOSFA £ 50 £ 75 contracts

TECHNICAL MANUAL AMENDMENT SERVICE

Automatic updating service per annum £ 30 £ 55

BOTH MANUAL £ 100 £ 170

BOTH MANUAL AMENDMENT SERVICE

Automatic updating service per annum £ 60 £ 115

CARRIAGE OF OILS AND FATS DOCUMENTS

Loose leafed manual publication containing Ships Qualifications and Operational Procedures, related Certificates and the Banned and Acceptable Previous Cargo Lists

Initial Copy (and Amendment Service) Free £ 30

Additional Copies (and Amendment Service) £ 30 £ 30

RULES OF ARBITRATION AND APPEAL £ 5 £ 15

RULES OF ARBITRATION FOR BROKERS COMMISSION AND INTEREST £ 5 £ 15

SMALL CLAIM SINGLE TIER RULES OF ARBITRATION £ 5 £ 15

GUIDE TO ARBITRATIONS AND APPEALS Free on request

CODE OF PRACTICE FOR ARBITRATORS Free on request

FOSFA HANDBOOK

Issued in April each year, this publication lists members by category, with a brief description of their activities, the Federation's Rules and Regulations, Officials and Committee details

Initial Copy Free £ 50

Additional Copies £ 20 £ 35

CODE OF PRACTICE FOR FOSFA APPROVED SUPERINTENDENTS

This publication covers the procedures for superintending of shore installations, and on board ships in relation to oils and fats, oilseeds and selected groundnuts

Member Superintendents Initial Copy Free

Additional Copies/Other categories of Membership £ 30 £ 65

CONTRACTS PER COPY*

Members rate applicable to AIC, NFU and NEODA Members £ 5 £ 15

*For bulk orders, prices on request (VAT is charged to UK Companies only)

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May 2013

ARBITRATION AND APPEAL SERVICES

ARBITRATION AND APPEAL (TWO TIER) SERVICE

APPOINTMENT OF ARBITRATOR OR UMPIRE BY FOSFA

Members (including Members of AIC/NFU in disputes on Contract No 26A only, Members of £ 100 NEODA in disputes on Contract No 90 only, and Members of ANEC in disputes under any

ANEC Contract)

Non-Members £ 250

FEES

Federation Fees calculated as follows -- Basic charge of £750 per award

- Discount of £250 where both parties are Members - Additional charge of £750 for each Non-Member

Above total subject to a discount where small tonnages (mt) are involved i.e.

-- up to 25 mt -- 75%; 26--50 mt -- 65%; 51--100 mt -- 50%; 101--150 mt -- 40%; 151--250 mt -- 25% - Additional net charge of £10 for each page in excess of four pages

- Notwithstanding the net result of the above a minimum charge of £300 to apply

Arbitrators/Umpires’ Fees - Fixed by the Arbitrators/Umpire at their discretion and charged in addition to Federation Fees

APPEAL DEPOSITS

In all Cases £10,000

FEES

Federation Fee £ 2,000

50% discount when both parties are Members (including Members of AIC/NFU in disputes on Contract No 26A only, Members of NEODA in disputes on Contract No 90 only, and Members of ANEC in disputes under any ANEC Contract)

Board Fees - Fixed by the Board at their discretion and charged in addition to Federation Fees

SMALL CLAIMS SINGLE TIER ARBITRATION SERVICE

FEES

Federation Fees (including appointment of Sole Arbitrator) £ 250

- Additional charge of £250 for each Non-Member

Sole Arbitrator Fees - Fixed by the Arbitrator at his/her discretion up to a maximum of £500 and charged in addition to Federation Fees

BROKERAGE COMMISSION AND INTEREST ARBITRATION SERVICE

This service is restricted to Broker Members and includes the appointment of a Sole Arbitrator FEES

Federation Fee (Members only) £ 100

Sole Arbitrator Fees - Fixed by the Arbitrator at his/her discretion and charged in addition to Federation Fees

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May 2013

PUBLISHED AWARDS SERVICE

Members FOSFA.net Published Awards Service

The Published Awards Service which is a Members only service consists of a Free secure password searchable database on FOSFA.net of over 360 awards which

mostly consist of first tier Arbitration Awards, but where such Awards have been challenged, the FOSFA Appeal Award has been incorporated into the file, thus presenting both formal decision processes in respect of the dispute. Periodically, new awards will be added to the database, up to 15 per year

ANALYST SEALS

Members

Price per 100 £ 75

(VAT is charged to UK Companies only)

NEWSLETTER ADVERTISING

Members Non-Members NEWSLETTER ADVERTISING One Page £ 250 £ 600 Half Page £ 125 £ 300 Back Page £ 300 £ 650

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LIST OF CONTRACTS AVAILABLE FROM FOSFA INTERNATIONAL AS AT JANUARY 2013

REVISED AND/ OR EFFECTIVE

2 Copra - CIF Terms January 2013

3 Sheanuts - CIF Terms January 2013

4 Oilseeds - FOB Terms September 2010

4A European Oilseeds - FOB Terms September 2010

5 Argentine/Uruguay Linseed - CIF Terms January 2013

9 USA/Canadian Flaxseed - CIF Terms January 2013

9A UK Linseed in Bulk - Ex Farm/Delivered Terms September 2010

11 Oilseeds - CIF Terms January 2013

11A USA/Canadian Sunflowerseed - CIF Terms January 2013

13 Sesameseed - CIF Terms January 2013

16 Cottonseed - CIF Terms January 2013

23 South American Soyabeans - CIFFO Terms January 2013

24 Canadian/USA Soyabeans - CIF Terms January 2013

25 Soyabeans - CIF Terms January 2013

26 European Oilseeds - CIF Terms January 2013

26A  UK Rapeseed - Ex Farm/Delivered Terms (Issued in conjunction with AIC) January 2013

27 Oilseeds - Collection/Ex-Silo Terms September 2010

28 Oilseeds - Free Delivered Terms September 2010

29 Palm Kernels - CIF Terms January 2013

32 Full Container Loads - FCL Terms January 2013

34 Selected Groundnuts in Shell/Groundnut Kernels - C&F Terms January 2013 35 Full Container Loads Selected Groundnuts in Shell/Groundnut Kernels - CIF/C&F Terms September 2008

36 Canadian Rapeseed - CIF/C&F Terms January 2013

37  Selected Groundnuts in Shell/Groundnut Kernels - Spot Conditions September 2008 39 Full Container Loads Argentine Selected Groundnuts in Shell/Groundnut Kernels - CIF/C&F Terms January 2013

49 Gum/Wood/Tall Oil Rosin - CIF Terms September 2008

51 Argentine Soft Oils - FOB Terms (Issued in conjunction with CIARA) January 2013

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53 Vegetable and Marine Oil - FOB Terms January 2013

54 Vegetable and Marine Oil - CIF Terms September 2008

55 Linseed Oil - CIF Terms September 2008

56 Vegetable and Marine Oil - Collection/Ex Works Terms September 2008

57 Vegetable and Marine Oil - Free Delivered Terms September 2008

58 Olive Oils and Olive-Pomace Oils - Collection/Ex Works Terms January 2012

59 Olive Oils and Olive-Pomace Oils - Free Delivered Terms January 2012

60 Fatty Acid Methyl Esters - FOB Terms January 2013

61 Fatty Acid Methyl Esters - CIF Terms September 2010

62 Oils and Fats - Ex Tank UK Terms September 2008

69 Technical Tallows and Greases - CIF Terms September 2008

70 Inedible Dripping/Tallow/Animal Fat - Delivered/Ex Works Terms January 2012

76 General Business Oilseeds etc - CIF Terms January 2013

79 General Business - Delivered/Ex Works Terms September 2008

80 Crude Unbleached Palm Oil - CIF Terms (Issued in conjunction with MPOA) September 2008 81 Palm and Palm Kernel Oil Products (Issued jointly with PORAM, MEOMA) September 2011 82 Crude Unbleached Palm Oil - FOB Terms (Issued in conjunction with GAPKI) January 2013 90 Refined Edible Oils and Fats - Delivered Terms (issued jointly with NEODA) September 2008

91 UK Produced Acid Oil - Delivered/Ex Works Terms September 2008

92 Refined Oils and Fats - Delivered Ex Works UK Terms (Issued jointly with SCOPA) September 2008 93 UK Delivered Feed Fat - Delivered Terms (Issued jointly with Feed Fat Association) September 2008

95 Brokerage September 2008

201 African Crude Groundnut Oil - CIF Terms September 2008

202 African Crude Groundnut Oil - FOB Terms January 2013

Short Form - This contract can be used in conjunction with a relevant form in cases where special conditions or modifications to that

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Tel E-mail Web

Yes No

We hereby apply for membership and shall comply with the FOSFA terms and conditions (tick relevant box):

Name/s of Director/s or Partners

BROKERS DECLARATION: I delcare that, so far as commodities traded under FOSFA terms are concerned, on entering into membership and thereafter as a member, I will act only as a broker and not as a principal.

Signature Signature

TRADERS DECLARATION: If you are principals to trading contracts, then please tick the appropriate box to indicate your total annual turnover of commodities negotiated under FOSFA contracts:

5000 to 100,000 tons

Details of your capital and other financial details that you consider appropriate:

Name of App licant

Nature of Bus iness

Fax

On admission to membership a member becomes liable to pay an Annual Subscription which, thereafter, becomes payable on 1 April each year.

Print Company Company Up to 5000 tons  Ad dr ess Name/s Trading Member 

If yes, please give details:

Telex

Name/s

Name/s

Selected Groundnuts Section Oilseeds Section

Oils and Fats Section

We hereby apply for membership of the Federation of Oils, Seeds and Fats Associations Limited and, in the event of our being accepted, authorise entry of our name into the Register of Members of the Federation. Furthermore, we agree to abide by the Rules and Regulations governing membership (which can be found on the FOSFA web site and in the Federation's Handbook).

Full / Asso ciate* Broker Member 

Place of Registration VAT No (if applicable)

Date of Formation

Lon don EC3R 8NQ, UK

Tel: +44 20 7283 5511 Fax: +44 20 7623 1310

  E-mail: contact@fosfa.org Web: www.fosfa.org FOSFA International, 20 St Dunst an's Hill

Signature

If ac cep ted i nt o m em ber sh ip , w e w is h t o b e r ep res en ted i n t he Sec ti on /s i nd ic at ed b el ow an d n om in at e t he p er so n/s named against each Section as o ur r epresentative/s.

Description of business activities and particular commodities involved:

 Are you or have you been in any way associated financially or otherwise with any past or present member of FOSFA?

Full / A ssociate* Non-Trading Member 

Signature Name

This application is proposed and seconded by the following members of the Federation. One of these must be a trading member and neither can be affiliated to the applicant.

Print

Membership Application Form: Trading, Non-Trading and Broker Categories

Over 100,000 tons

*Delete as appropriate.

Date

Date Name

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MEMBERSHIP - TERMS AND CONDITIONS

MEMBERSHIP OF THE FEDERATION SHALL CONSIST OF THE FOLLOWING CATEGORIES

-Trading Members which shall be companies, firms, sole traders, organisations or others carrying on business as principals to contracts in the commodities covered by the Federation.

Broker Members (Full or Associate) which shall be companies, firms, organisations or others which do not act as principals to Federation contracts and only receive remuneration in the form of commission from either or both of the contracting principals concerned. Brokers in this category cannot be admitted under any other category of membership.

Non-Trading Members (Full or Associate) which shall be organisations or others not eligible in any or such other specialist categories from time to time in being.

Individual Members which shall be restricted to retired members and nominees. Past Presidents on their retirement and such other retired persons as the Federation sees fit to nominate as a recognition of their services to the trade, shall become Individual Members. This category of membership is not open to applicants.

EACH MEMBER SHALL COMPLY WITH THE TERMS AND CONDITIONS OF MEMBERSHIP AS LAID DOWN BY THE COUNCIL FROM TIME TO TIME AND, IN PARTICULAR

Trading Members or their representative/s shall have the right to attend Section Annual Meetings and General Meetings of the Federation. Each Trading Member has the right to one vote at such meetings. They have the right, if elected, to serve on the Council, Section or other  Committees. They shall have the right to nominate as many representatives as they wish in accordance with the Rules. (The Council shall decide from time to time the number of representatives to be covered by the Basic Subscription). They are entitled to such discount on arbitration and appeal fees and on other services provided by the Federation as the Council shall from time to time determine. They are also entitled to free use of the consultancy and advisory service and the legal and technical information service (except where legal or specialised advice is provided and charged to the Federation).

Full Broker Members or their representative/s shall have the right to attend Section Annual Meetings and General Meetings of the Federation. Each Full Broker Member has the right to one vote at such meetings. They have the right, if elected, to serve on the Council, Section or other  Committees. In addition, they are entitled to elect annually by postal ballot a Full Broker Member or one of the representatives to serve on each of the Federation's Section Committees. They shall have the right to nominate as many representatives as they wish but only one shall be included in the Basic Subscription. They are entitled to such discount as the Council shall from time to time determine on services provided by the Federation. They are also entitled to free use of the consultancy and advisory service and the legal and technical information service (except where legal or specialised advice is provided and charged to the Federation).

Associate Broker Members or their representative/s shall have the right to attend Section Annual Meetings and General Meetings of the Federation but not to vote at them. They have the right to nominate as many representatives as they wish but only one shall be included in the Basic Subscription. They or their representatives do not have the right to be elected to membership of the Council, Section or other  Committees. They are entitled to such discount as the Council shall from time to time determine, on services provided by the Federation (except where legal or specialised advice is provided and charged to the Federation).

Full Non-Trading Members  or their representative/s shall have the right to attend Section Annual Meetings and General Meetings of the Federation. Each Full Non-Trading Member has the right to one vote at such meetings. They have the right, if elected, to serve on the Council, Section or other Committees and may be co-opted or appointed to them. They shall have the right to nominate as many representatives as they wish but only one shall be included in the Basic Subscription. They are entitled to such discount as the Council shall from time to time determine on other services provided by the Federation. They are also entitled to free use of the consultancy and advisory service and the legal and technical information service (except where legal or specialised advice is provided and charged to the Federation). Associate Non-Trading Members or their representative/s shall have the right to attend Section Annual Meetings and General Meetings of  the Federation but not to vote at them. They have the right to nominate as many representatives as they wish but only one shall be included in the Basic Subscription. They or their representatives do not have the right to be elected to membership of the Council, Section or other  Committees. They are entitled to such discount as the Council shall from time to time determine, on services provided by the Federation (except where legal or specialised advice is provided and charged to the Federation).

Only Trading Members, Full Broker Members and Full Non-Trading Members or their nominated representative/s to the Federation, with the exception of persons of the legal profession wholly or principally engaged in legal practice, shall have the right to act as arbitrators or umpires subject to retirement at age 75, if still active in the trade, or two years after retirement, whichever comes first and subject to the provision that an individual shall be allowed to continue with arbitration’s in being at the date of his retirement as an arbitrator (except as otherwise provided in the Rules of Arbitration and Appeal).

Only Trading Members, Full Broker Members and Full Non-Trading Members or their nominated representative/s to the Federation who have not reached age 75, if still active in the trade, or have not been retired for two years, whichever comes first, and subject to their election to the  Appeals Panel, shall have the right to serve on Appeal Boards subject to the provision that an individual shall be allowed to continue with an

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Yes

 Account No:

Visa Electron Maestro JCB Switch Solo Company:

 Address:

E-mail:

Tel No:  Date:

Name on Card:

Card No: Security No:

Issue No: Valid From: Expiry Date:

 Amount:

£

 Account: Invoice:

(Last 3 digits on reverse of card)

5-10 Great Tower Street London, EC3P 3HX, UK 20849471 15-20-25 RBOSGB2L GB57 RBOS 152025 20849471 Visa Postcode: IBAN No: Swift/BIC Code: Sort Code:

Please state below the items you would like to order, together with your preferred method of payment TOTAL AMOUNT (£)

NO DETAILS

Bank:

FOSFA Member 

Method of Payment (please tick the relevant box)

Credit Card Bank Transfer Cheque

No

The Royal Bank of Scotland Plc

UNIT PRICE (£)

Please Fax Back to: +44 207 623 1310  April 2010

ORDER FORM

MasterCard Credit Card Payments

Payments over the sum of £750 will incur a £10 administation fee. Please provide the issue number of the card for Maestro, Switch, Solo and JCB. The Federation can accept the following credit cards

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-Invoice Enquiries

E-mail: albert.myint@fosfa.org

Please state the account reference and invoice number on the bank transfer. The name and address details of the

Bank:

 Account No:

Please state the account reference and invoice number on the back of the cheque. Payable to: FOSFA International

Visa Electron Maestro JCB Switch Solo Company:

 Address:

E-mail:

Tel No:  Date:

Name on Card:

Card No: Security No:

Issue No: Valid From: Expiry Date:

 Amount:

£

 Account: Invoice:

Cheque Payments

PAYMENT OPTIONS

MasterCard

Payments over the sum of £750 will incur a £10 administation fee. Please provide the issue number of the card for Maestro, Switch, Solo and JCB. The Federation can accept the following credit cards

-Credit Card Payments

Fax: +44 207 623 1310

IBAN No:

Swift/BIC Code: Sort Code:

The Royal Bank of Scotland Plc

 April 2010

Visa

Postcode:

(Last 3 digits on reverse of card)

Please Fax Back to: +44 207 623 1310 20849471

15-20-25 RBOSGB2L

GB57 RBOS 152025 20849471 5-10 Great Tower Street

London, EC3P 3HX, UK

If you have any queries of a financial nature, please contact Mr Albert Myint on -Tel: +44 207 283 5511

Conditions of Payment

Bank Transfers

Payments by cheque or bankers order should be in Pounds Sterling and, if from abroad, should be drawn on a London Bank with all transfer charges for payer's account.

Figure

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References

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