Federation of Oils, Seeds and Fats Associations

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Federation of Oils, Seeds and Fats Associations Ltd
Federation of Oils, Seeds and Fats Associations.png
Abbreviation FOSFA International
Formation 25 January 1968
Type Trade association
Legal status Private company
Purpose Oil, seeds and fats
Headquarters 4-6 Throgmorton Avenue, London EC2N 2DL
Region served
Worldwide
Membership
1100 companies in 89 countries
Chief Executive
Stuart Logan
Main organ
FOSFA Council (President - Marcus Reis)
Staff
7
Website www.fosfa.org

The Federation of Oils, Seeds and Fats Associations (FOSFA International) is the main trade association for the oil, seeds and fats industry. It regulates legal contracts in the industry.[1]

History[edit]

FOSFA was formed from four other previous organisations in 1968.

It used to be based at 24 St Mary Axe at the Baltic Exchange, now the home of the Gherkin.

Structure[edit]

It is situated just off Lower Thames Street (A3211), between Tower Hill tube station and Bank–Monument station. It is not far from the River Thames, between the Tower of London and London Bridge.

Function[edit]

85% of worldwide trade in oils and fats is under FOSFA contracts. It regulates trade in the industry. The clauses in contracts are known as the FOSFA Rules. Its rules cover products transported with Cost, Insurance and Freight (CIF) or Freight on Board (FOB).

It holds week-long residential training courses during the summer at Brunel University.

See also[edit]

References[edit]