Abbreviation FOSFA International Legal status Private company Region served Worldwide Staff 7 | Formation 25 January 1968 Purpose Oil, seeds and fats Founded 25 January 1968 Type Trade association | |
Headquarters 4-6 Throgmorton Avenue, London EC2N 2DL | ||
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 trade/industry.
Contents
History
FOSFA was formed from four other previous organisations in 1968.
It used to be based at 20 St Dunstan's Hill, London EC3R 8NQ.
Function
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 and Autumn at London University, Royal Holloway.
References
Federation of Oils, Seeds and Fats Associations Wikipedia(Text) CC BY-SA