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 January 2021). Moreover it provides a mechanism for the settlement of disputes by its arbitration institute.
venue: WTC Building, Rotterdam
Venue: Grand Elysee Hotel, Hamburg
venue: Unknown yet
Last Thursday, the webinar ‘organic raw materials; developments and challenges’, under guidance of Bernd van de Meulen (food legal consultant), a number of interesting speakers were willing to share their views on the future of organic production. Bavo van den…read more
The revised Trading Rules will be in force as from the 1st of January 2021. Changes are the earlier announced addition of the United Kingdom in clauses 110 and 111. Besides some small textual changes further updates can be found…read more
CF Partners will be a new member of NOFOTA as per 1 January 2021. CF Partners is a leading risk management, supply and asset management group. CF Partners work with clients across energy procurement, risk mitigation and portfolio management.read more
The 2021 MARPOL Annex II amendment of Regulation 1.23 and Regulation 22.214.171.124 will enter into force on 1 January 2021. This has been communicated by IMO in Resolution MEPC.315(74) (adopted on 17 May 2019). Mandatory prewashing by ships for Category Y…read more
This tool can be used by people that deal with contract execution and want to test themselves if they have enough knowledge of the Trading Rules. Members have received access details for the test via the November Circular Letter.read more