FOSFA-Contracts-Contract-036

FEDERATIONOFOILS,SEEDSANDFATSASSOCIATIONSLIMITEDFOSFAINTERNATIONALCONTRACTFORCANADIANRAPESEEDCIF/C&FTERMSRevisedandEffectivefrom1stOctober2006ReferenceNosSELLERS:................................................................................................................................................................................................................BUYERS:................................................................................................................................................................................................................BROKERS:..............................................................................................................................................................................................................Date:..................................*Anasteriskdenotesalternativewording,andshouldbematterofagreementbetweentheparties.36SellershaveagreedtosellandBuyershaveagreedtobuy...........................say...................................tonsof1000kilosCANADIANRAPESEEDinbulkincludingdockageat..............................................say.........................................................................weightto.....................................................................................asperBill/sofLadingdatedortobedatedduring.....................................................................................from........................................................................................................................Paymentin................................................................................................asperPaymentClause.Sellersmayshiptheusualproportioninbagsforstowagepurposes,suchbagstoremaintheship’sand/orSellers’property.1.TOLERANCE:Sellershavetheoptionofshipping5%moreorlessoncontractquantity,excessordeficiencyover2%tobesettledatthe*CIF/C&FmarketpriceonBillofLadingdate;ifthequantityisshippedinmorethanoneship,settlementistobemadeatthemarketpriceonthedateofthelastBillofLading.Suchmarketpricetobefixedbyarbitrationunlessmutuallyagreed.Intheeventofmorethanoneshipmentbeingmadeeachshipmentistobeconsideredasaseparatecontractbutthetoleranceonthemeancontractquantityisnottobeaffectedthereby.Nopaymentshallbemadeforincreaseinweightoccasionedbywaterand/oroilduringthevoyage.Incaseofseaaccident(pumpingupseedexcepted)causingadeficiencyoninvoiceweight,provisionalinvoicequantitytobefinal,exceptwhensuchdeficiencycannotbeaccountedforbythenatureoftheaccidentandisnotrecoverablefromtheunderwriters.2.QUALITYANDCONDITION:Quality,Condition,Grade,DockagetobefinalonshipmentasperOfficialInspectionandGradingCertificate.OilContentfinalasperletterprovidedbytheCanadianGrainCommission..............................................................................................................................................................................................Dockageisnottoexceed...........%andexcessdockageover...........%tobeallowedinfullbySellerstoBuyersonthebasisof.............%for...........%,fractionsinproportion.Theoilcontentshallbebasis...........%oil.TheBuyershallnotbeentitledtorejectatenderatcontractpriceofahighergradeofseedofthesamedescription.3.WARRANTY:Theseedisnotwarrantedfreefromdefectrenderingitunmerchantablewhichwouldnotbeapparentonreasonableexamination.4.SHIPMENTANDCLASSIFICATION:Shipmentingoodcondition,directorindirect,withtranshipment(solongasathroughBillofLadingisprovided)orwithouttranshipment,inship/s(tankersexcluded),classifiednotlowerthanLloyds100A1orequivalentclassificationinanyotherrecognisedRegister.TheBill/sofLadingtoshowthehold/sinwhichthegoodsarestowed.Forthepurposeofthiscontract,thewordshiporshipsareintendedtoincludeanyfirstclasssteamerand/orpowerenginedship/s(excludingtankersand/oroilcompartmentsofore/oilcarriers)oftopclassificationinanyrecognisedRegister.Shouldanyofthewithinmentionedquantityformpartofalargerquantityofthesamegrade,dockageandoilcontentshippedonboardtheshipinthesameoradifferentperiodofshipment,aseparationordistinctionshallnotbenecessary.5.DECLARATIONOFSHIPMENT:Noticestatingship’snames,dateofBill/sofLadingandapproximatequantityshippedshallbedespatchedbyfirstSellerstotheirBuyersnotlaterthan7daysafterthedateoftheBill/sofLading.NoticesbyintermediateSellersshallbeacceptedbytheirBuyersalthoughreceivedbythemaftersuchtime,iffromthe7thdayafterthedateoftheBill/sofLadingsuchnoticeshavebeenpassedonwithduedespatch.Thedateofthe‘onboard’Bill/sofLadingshallbeconsideredproofofthedateofshipmentintheabsenceofconclusiveevidencetothecontrary.Noticesshallbedeemedtobeunderreserveforerrorsand/ordelaysintransmission.Anyslightvariationintheship’snameshallnotinvalidatethedeclaration.AvaliddeclarationcannotbewithdrawnexceptwiththeBuyers’consent.Shouldtheshiparrivebeforereceiptofdeclarationofshipmentandextraexpensesbeincurred,suchexpensesaretobepaidbySellers.Presentationofdocumentsdoesnotconstituteanoticeunderthetermsofthisclause.Theprovisionsofthisclausetobeinoperativeifthegoodsha