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 these commodities. It draws up standard contracts, which are of international usage (NOFOTA Trading Rules latest version (as from 1 July 2019)). Moreover it provides a mechanism for the settlement of disputes by its arbitration institute.
NOFOTA was founded in Rotterdam on 1 October 1918 as ‘Nederlandsche Bond voor den Handel in Vetten, Oliën en Oliezaden’, the final name change to ‘Netherlands Oils, Fats and Oilseeds Trade Association’ (NOFOTA) became a fact in 1977. This was a consequence of the international character of the trade and the ‘players’ involved in the trade in various European countries.
NOFOTA has been granted on 3 December 2018 the ‘Royal’ designation by His Majesty King Willem-Alexander on the occasion of its 100th anniversary.
The book can be bought for € 25,00 ex vat for members and € 35,00 ex vat for non-members. If you are interested, please contact the secretariat of NOFOTA.