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.
EAG Surveyor B.V. is per 1 September 2024 recognised as superintendent.
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…
read moreOn Tuesday 1 October 2024 NOFOTA organises a seminar on Trading Rules.Lectures are given by experts in the trade and legal professionals and supported by case studies. Click here for more information and registration.
read moreOils & Fats International (OFI) announces the launch of OFI International 2024, featuring the 3rd Sustainable Vegetable Oil Conference, to be held at the Rotterdam Ahoy Convention Centre on 9-11 September 2024. OFI International 2024 will bring together major players…
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