The Federation of Oils, Seeds and Fats Associations Ltd (FOSFA) is a professional international contract issuing and arbitral body concerned exclusively with the world trade in oilseeds, oils and fats with 1,103 members in 89 countries. These members include producers and processors, shippers and dealers, traders, brokers and agents, superintendents, analysts, shipowners, ship brokers, tank storage companies, arbitrators, consultants, lawyers, insurers and others, providing services to traders.
FOSFA has an extensive range of standard forms of contracts covering goods shipped either CIF, C&F or FOB, for soybeans, sunflowerseeds, rapeseed, and others, vegetable and marine oils and fats, refined oils and fats, from all origins worldwide, for different methods of transportation and different terms of trade. Internationally, 85% of the global trade in oils and fats is traded under FOSFA contracts.
The Federation’s contracts incorporate a dispute procedure involving arbitration by experienced individuals from within the trade. For further details about the Federation click here