Our Vision & Values
By the trade,
With the trade
Keeping global trade simple & reliable
FOSFA was founded on the values of independence, fairness and impartiality. We work on behalf of our members to provide contracts and services that keep the global trade and shipping of oil, seeds and fats simple and reliable. We give buyers, sellers and intermediaries reassurance that our contracts are relevant, fair and trusted, and are underpinned by English law.
Our standards and policies are decided by our membership through an elected Council. Contracts, arbitration and technical requirements are managed and modified by specialist committees which are made up of trade representatives from all sectors and regions of the industry.
We understand the needs of our members and work hard to ensure that our services adapt and adjust to meet their ongoing requirements and interests.
Our founding values steer our daily activities and long-term strategy, and in all our activities we will continue to be guided by the trade, act for the trade and govern with the trade.
FOSFA ContractsDeliver contracts that are created and updated by the trade, for the trade, and provide buyers, sellers and intermediaries with terms that are tried and tested, fair and trustworthy.
Compliance & Quality
Supervise technical procedures for the safe delivery of traded goods and ensure the quality and specification complies with what is agreed in the contract. Utilise superintendents and analysts to validate safety and quality, and ensure best practice in carriage and transportation.
Impartial Dispute Resolution
Utilise a highly experienced peer group of arbitrators who act under a strict code of practice and follow established rules and regulations to provide independent and impartial dispute resolution.
Education & Networking
Give access to resources that provide ongoing learning and training in all aspects of international trading, as well as valuable business networking opportunities. Residential courses deliver expert tuition on a range of subjects including FOSFA contracts, trade finance and arbitration.
Oilseeds, Oils & Fats
Oversee the development and implementation of policies, priorities and procedures of the Federation. This is done in conjunction with committees made up of those who work in the trade, and who direct and guide activity.
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Our members can be assured that all FOSFA International representatives uphold our values. Our values define who we are and help us to develop better services for our members. Everything we do is for their benefit and it is for this reason that over 90% remain members for years – in many cases decades.
Our members have peace of mind that our contracts are relevant, fair, tried and trusted. We promote the sharing of information so our members can benefit from expert knowledge, and we aim to keep them informed and updated in global trading with internationally recognised training programmes.
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