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.
As per 17 July Olyx B.V. is a new member of NOFOTA. Olyx is a broker in the field of Biodiesel, Biodiesel feedstocks, Biogas, Ethanol.
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 moreAs per 15 July 2024 Global UCO Company (Bonaire) and OrangeOils (Coevorden) will be a B-member of NOFOTA. Both companies are active in the trade of UCO, animals fats, fatty acids and POME.
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.
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