Contracts

The Federation publishes a wide range of contracts for the oilseeds, oils and fats trades, covering the various types of trade CIF, C&F, FOB and others.

The Contracts List, reflecting the current versions is set out in summary form below. DOWNLOAD/PURCHASE A CONTRACT(S). Previous versions of contracts (archives) are available in the Document Archive.

In addition Optional and Special Clauses relating to specific contracts and/or agreements between sellers and buyers are available.

CIF terms have Insurance Clauses covering general insurance terms, war, strikes and exclusions.

Some of the contracts have Adjustment of Outturn Clauses, eg FOSFA Contract Nos 54 and 80 that link to Price Settlement mechanisms. FOSFA’s declared prices for excess or deficit delivery under these clauses are published weekly. Members also have access to the archives of these published settlement prices.

NO TITLE REVISED AND/
OR EFFECTIVE
2 Copra – CIF Terms January 2015
3 Sheanuts – CIF Terms January 2015
4 Oilseeds – FOB Terms January 2015
4A European Oilseeds – FOB Terms January 2015
5 Argentine/Uruguay Linseed – CIF Terms January 2015
9 USA/Canadian Flaxseed – CIF Terms January 2015
9A UK Linseed in Bulk – Ex Farm/Delivered Terms January 2015
11 Oilseeds – CIF Terms January 2015
11A    USA/Canadian Sunflowerseed – CIF Terms January 2015
13 Sesameseed – CIF Terms January 2015
16 Cottonseed – CIF Terms January 2015
23 South American Soyabeans – CIFFO Terms January 2015
24 Canadian/USA Soyabeans – CIF Terms January 2015
25 Soyabeans – CIF Terms January 2015
26 European Oilseeds – CIF Terms January 2015
26A UK Rapeseed – Ex Farm/Delivered Terms (Issued in conjunction with AIC) January 2016
27 Oilseeds – Collection/Ex-Silo Terms September 2010
28 Oilseeds – Free Delivered Terms September 2010
29 Palm Kernels – CIF Terms January 2015
32 Full Container Load/ISO Tank Containers July 2016
33 Flexitanks/General Purpose Freight Containers July 2016
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 2015
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
52 Sunflowerseed Oil in Bulk European Ports – FOB Terms January 2015
53 Vegetable and Marine Oil – FOB Terms April 2016
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 April 2016
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
72 Edible Dripping/Lard/Poultry Oil in Bulk by Tank Car/Tank Barge Delivered/Ex Works January 2014
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) April 2015
82 Crude Unbleached Palm Oil – FOB Terms (Issued in conjunction with GAPKI) April 2016
90 Refined Edible Oils and Fats – Delivered Terms (issued jointly with NEODA) September 2008
91 UK Produced Acid Oil – Delivered/Ex Works Terms January 2014
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) January 2014
95 Brokerage September 2008
201 African Crude Groundnut Oil – CIF Terms  September 2008
202 African Crude Groundnut Oil – FOB Terms April 2016
     
Short Form – This contract can be used in conjunction with a relevant form in cases where special conditions or modifications to that form are required (revised and effective 1 October 2004)

 

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Association for international trading in oils, fats and oilseeds