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 150 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 September 2022). Moreover it provides a mechanism for the settlement of disputes by its arbitration institute.
World Trade Centre WTC Rotterdam
As per 27 September 2022 STX Commodities became a B-member of NOFOTA. STX ‘Commodities’ is an expert at providing market access and creating liquidity in the dynamic, yet illiquid, environmental commodities markets. For more information please go to their website.
read moreAs per 1 September 2022 optional clause 112 will be adopted in the NOFOTA Trading Rules. This clause will make it possible for companies that want to trade UCO’s as a forward “paper” contract.This optional clause is entirely based on…
read moreOn 15 September 2022, NOFOTA together with het Comite organize a workshop on arbitration at the VNAB knowledge and meeting center, Boompjes 251 in Rotterdam. This workshop is intended for current arbitrators at both arbitration institutes, but also for interested…
read moreIt is with the deepest sorrow that we inform you of the passing of our colleague, friend and Vice President Remond van Dorland. Remond died on Wednesday 22 June at the age of 58. Our thoughts are with his wife and…
read morePlease be informed that, as from 12 may 2022, Mr. Björn Meyer is the new elected President of GROFOR. Mr. Meyer is Sales Lead at Cargill Global Edible Oil Solutions Europe.
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