NOFOTA stands for Netherlands Oils, Fats and Oilseeds Trade Association, being the Dutch umbrella-organisation of companies concerned with the production and trade of these commodities. It draws up standard contracts, which are of international usage (NOFOTA Trading Rules 2019 latest version). Moreover, it provides a mechanism for the settlement of disputes by its arbitration institute. NOFOTA is comparable to FOSFA (Federation of Oils, Seeds and Fats Association Ltd.) in London and GROFOR in Hamburg.
The membership fee for A-members (kindred organisations), B-members (producers, traders and brokers) and C-members (organisations concerned with the production and trade such as storage companies, laboratories, banks etc.) is € 550,00 (exclusive of VAT).
Apart from the Trading Rules, the Rules for Arbitrations and the Annual Report (only for members) the Association does not publish any documents. According to the rules of the Association the list of members (part of the Annual Report) is not available for non-members, nor does NOFOTA publish a buyers or suppliers directory.
The membership runs from January till December of each year. In case you want to terminate your membership you have to inform us in writing before 1st October.
The annual general meeting and dinner will take place in April of each year and are only for members. The Golf Tournament will take place every year in the period May/June.
On recommendation of three members of the Association, one can be introduced as a member. As soon as we receive the completed and signed application form, we will send it to the Council for their approval.