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
Grand Elysee Hotel, Hamburg
Tallow Chandlers Hall, London
As per today 11 November 2022 we welcome KLK Emmerich GmbG is a member of the association.read more
RTR For customs Services Co. in Alexandria, EGYPT is added as per 3 November 2022 to the list of postings as RTR did not fulfil their obligations under de arbitration award NOF02-22.read more
During the Council meeting of 22 September 2022 Mr. Lucas Dorrestein of Viterra was appointed as Vice -President.read more
As 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 more