NOFOTA stands for Netherlands Oils, Fats and Oilseeds Trade Association, being the Dutch umbrella-organisation of companies concerned with the production, consumption and trade of vegetable and animal oils and fats, oilseeds and their derivatives.
NOFOTA is founded in 1918, established as the Nederlandsche Bond voor den Handel in Vetten, Oliën en Oliezaden, has approximately 180 members. A-members (kindred organisations), B-members (producers, consumers, traders and brokers) and C-members (organisations concerned with the production and trade such as storage companies, laboratories, banks etc.).
It draws up standard contracts, which are of international usage. The latest version of the NOFOTA Trading Rules can be downloaded here (version 1 January 2024). Moreover it provides a mechanism for the settlement of disputes by its arbitration institute.
During the recent Council meeting on 25 September 2024, the Council has approved the non-business days for the year 2025. The 2024 and 2025 non-business days can be found here.
read moreIt is with regret that we have to inform you that the Council has decided to post the following Company(ies) under rule 18.1 of the NOFOTA Rules of Arbitration: ORANGE LIFE HOLDING B.V.Parklaan 83016 BB RotterdamThe Netherlands
read moreAs per 17 July 2024 Contitank in Farmsum is added to the list of NOFOTA recognised storage companies.
read moreRecently NOFOTA received reports of fraud in the UCO market. This fraud would allegedly be committed by companies selling UCO on the European market under the applicability of the NOFOTA Trading Rules, issuing fake documents including bills of lading, certificates…
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