Disputes that arise from the NOFOTA contract are being settled by arbitration. The appointment committee appoints three arbitrators in case of an arbitration in first instance and five arbitrators in case of an appeal.
Dispute settlement by arbitrations is a quick and relatively cheap way of jurisdiction.
An application for arbitration must be made in writing and contain a brief exposition of the dispute, together with the formulation of the claim of claims made. It must be presented in sixfold and also be sent to the counter party.
The secretary of the division informs the claimant in writing about the amount it has to pay as a deposit (€ 6,000.00) at the secretariat for the costs of arbitration within fourteen days after the date of the secretary’s letter.
The defendant shall be given an opportunity to submit a written defence (in sixfold) before a date to be fixed by the secretary of the division. If defendant does not submit a defence the arbitral hearing will be planned anyway.
Arbitrators shall give parties an opportunity to be heard by them at a time and place to be determined by the arbitrators. Arbitrators shall give their award as good men in equity.
The secretary of the division shall send each party a copy of any arbitral award by registered letter. For more information regarding the rules for arbitration contact the secretariat.
The list of arbitrators, both for the Oils & Fats and Meat section as well as for the Groundnut Division can be found under the members section of the website.