FOSFA definition
Examples of FOSFA in a sentence
Insurance will be covered by Buyer, as per FOSFA 4 conditions in force at the date of entering the contract.
Where FOSFA 26A has adopted new standard Clauses since the publications of this contract such standard Clauses shall apply to the contract.
The check analysis shall be carried out in accordance with the methods laid down in FOSFA's Standard Contractual methods List : Oil and FFA - FOSFA Official method, Moisture, ISO 665.
For sales on a delivered basis the rules of FOSFA 26A Contract shall apply.
Thereafter, if the contract is cancelled under the terms of the Force Majeure Clause or Prohibition Clause of FOSFA 53, this clause is not applicable.
Where a Seller repurchases from its Buyer, or from any subsequent Buyer, the same goods or part thereof, a circle shall be considered to exist as regards the particular goods so repurchased, and the provisions of the Default Clause of FOSFA 53 shall not apply.
Buyer has the option, at its expense, to appoint a Member Superintendent of FOSFA duly registered as under Brazilian Ministry of Agriculture to perform joint sampling and sealing provided that the Seller be advised, at the latest upon vessel’s berthing, of the name of the Independent Surveyor it is appointing.
Thereafter, if the contract is cancelled under the terms of the Prohibition Clause or the Strikes, Etc/Force Majeure Clause, paragraph (b) of FOSFA 4, this clause is not applicable.
On arrival the company shall arrange for samples to be taken in duplicate from each delivery in accordance with the method laid down in the FOSFA standard contractual method list as amended from time to time, whether rejected or accepted, and to be analysed for oil, moisture, admixture, erucic and free fatty acids where applicable and the results passed to the member within 21 days of the end of the fortnightly period of delivery.
Where a Seller repurchases from its Buyer, or from any subsequent Buyer, the same goods or part thereof, a circle shall be considered to exist as regards the particular goods so repurchased, and the provisions of the Default Clause of FOSFA 4 shall not apply.