Introduction

The Federation was founded in 1971 on the amalgamation of four predecessor associations, the oldest ofwhich dates back to 1863. Today the Federation represents over 960 members in 79 countries. FOSFA is aprofessional international contract issuing and arbitral body concerned exclusively with the world trade inoilseeds, oils, fats and edible groundnuts and is the major association of its kind in the field.

World trade in oilseeds, oils, fats and edible peanuts involves the physical movement of tens of millions oftons each year. In addition, many parcels change hands more than once. Every country in the worldconsumes oilseeds, oils and fats and most are involved in the import/export of these commodities as rawmaterials or products. The inevitable result is hundreds of thousands of individual contracts with a combinedannual turnover running into billions of dollars. Much of this trade takes place between people who do notshare a common language and who operate under different legal systems; and without some standardisationof contract terms and language, participants could find themselves faced with vast numbers of disputes,possibly with costly, lengthy and unnecessary litigation.

Membership of the Federation is open to any individual, company or organisation actively involved in thetrade of oilseeds, oils and fats or groundnuts, or in the supply of services related to these trades. The majorityof members are drawn from the following sectors: producers and processors, shippers and dealers, traders,brokers and agents, superintendents, analysts, shipowners, tank storage companies, and others providingservices to traders.

ContractsFOSFA has an extensive range of standard forms of contracts covering goods shipped either CIF, C&F orFOB. The contracts provide the terms of trade for the oilseeds, oils and fats and groundnut commodities. Theycover the principal oilseeds (soybeans, sunflowerseeds, rapeseed and others), vegetable and marine oils andfats, refined oils and fats and groundnuts, from different origins worldwide, and for different methods oftransportation or for different terms of trade. Internationally, 85% of the global trade in oils and fats is tradedunder FOSFA contracts.

The Federations contracts are drawn up by the members to suit trade practices, through elected specialistcommittees, involving participation from many countries and ensuring a fair balance between buyers andsellers, from the producers to the receivers. Many are joint contracts, established in agreement with othertrade associations worldwide. These contracts are regularly updated and amended as trade terms change orcircumstances dictate.

Contract Referred DocumentsThe movement of bulk liquid cargoes requires that vessels operate to a high standard and that particularattention is paid to the necessity to obviate risks of contamination from previous cargoes. All ships loadingoils and fats under the terms of the Federations contracts are required to comply with certain qualificationsand to adhere to specific operational procedures as laid down from time to time. Contract referred documentscover Ships Qualifications, Operational Procedures, Combined Masters Certificate, Certificate of ShipsCleanliness and previous cargo lists.

The Federation has been involved in considerable research to determine the degree of compatibility orotherwise of a whole range of substances and both publishes and updates international lists for Acceptableand Banned previous cargoes, one of which becomes an essential and mandatory part of all FOSFA CIF bulkliquid contracts and provides a large measure of safety for all concerned. This work is on-going and involvesthe participation of all sectors of the trade, including shipowners and technical experts, and increasingly IMO.

Services to the Trade - Superintendents and AnalystsAs with many international contracts, payment is customarily made for very large sums of money, against aset of documents before the buyer has seen the goods. It follows that heavy reliance has to be placed on thevalidity and accuracy of a full set of documents provided, in particular on those which confirm both the weightand quality of the goods supplied.

FOSFA International20 St Dunstans HillLondon, EC3R 8NQ, UKTel: +44 (0)20 7283 5511Fax:+44 (0)20 7623 1310E-mail: contact@fosfa.org

Professional contractual and arbitralassociation promoting the trade inoils, seeds and fats globally

Federation of Oils, Seeds and Fats Associations Ltd www.fosfa.org

Independent superintendents are appointed to assess the weight and to draw representative samples, whilstindependent analysts provide the appropriate quality certificates based on these samples. These are vitalfunctions involving considerable responsibility and the Federation has developed detailed codes of practiceto ensure that maximum reliance can be placed on such documents. Furthermore, under the standardcontract terms, they can only be issued by companies that have been authorised, as is evidenced by theirmembership, and in the case of analysts, regular competence tests.

Arbitration and AppealsThe Federation offers a well respected Arbitration Service through which when contractual disputes do arise,the delay and expense of taking a case to court is avoided. Contractual disputes are judged by members ofthe trade, commercial people who are in touch with current market practices and behaviour.

An average of 80 arbitration cases are processed each year, a small number overall when seen in the contextof the volumes traded on FOSFA contracts annually. FOSFA operates a range of arbitration services. If eitherparty to an arbitration award is dissatisfied with the outcome, they have the right to appeal and to ask for afresh hearing. The Federation facilitates the appeal process and appoints a Board of Appeal from its AppealPanel which has jurisdiction over the subsequent proceedings. Arbitrators must be members of theAssociation who are or have been engaged in the trade. Members are entitled to preferential rates for thepurchase of Contract Forms, Rules and Arbitration Services.

Trade Policy

The Federation represents the interests of its members to government departments, authorities andinternational and national organisations. FOSFA monitor and take relevant procedures concerninginternational and national legislation which could impact on the oilseeds, oils and fats and groundnut tradesand affect the terms of the contracts. A regular newsletter keeps the global membership up to date on keypolicy and trade developments, the activities of the Association and its members and forthcoming events.

Career DevelopmentThe Federation holds training programmes for the trade which are globally recognised. FOSFA runs two typesof residential courses which offer unique training courses for all aspects of the oilseeds, oils and fats andgroundnut trade.

The Basic Introductory Course is the foundation course for junior members of the industry and the five daycourse covers contracts and contract referred documents, arbitration and appeal, shipping, insurance,commodity banking and technical matters.

The Middle Managers course is a globally recognised trade managers programme. Trade Managers with aminimum requirement of three years in the trade qualify for admission on the course. The five daymanagement course covers all aspects of current trade practices and regulations, as well as introducingspecialist case studies and group discussions.

Federation's Structure A professional and committed staff led by the Chief Executive manages FOSFA activities and implements thedecisions of the Council, service the needs of its members and supports its many committees. Members havethe right to refer any matters to the Council/Chief Executive and to participate in the election of appropriaterepresentatives. FOSFA participates in representation at IMO, ISO and CODEX. The Council, chaired by thePresident, is elected annually by the membership and taking advice from similarly elected section andspecialist committees, representing the different areas of the trade.

FOSFA Committees -

- Council - Oilseeds- Oils and Fats- Selected Groundnuts - Contracts- Technical- Arbitrations and Appeals

FOSFA International20 St Dunstans HillLondon, EC3R 8NQ, UKTel: +44 (0)20 7283 5511Fax:+44 (0)20 7623 1310E-mail: contact@fosfa.org

Professional contractual and arbitralassociation promoting the trade inoils, seeds and fats globally

Federation of Oils, Seeds and Fats Associations Ltd www.fosfa.org

Membership BenefitsThe Federation is able to offer many services to members, which includes -

- A voice in the way international trade is conducted- Direct involvement in committee work, influencing trade practices- FOSFA standard form contracts and contract referred documents- Arbitration facilities and electronic access to Awards (publication service)- Superintendents and Analysts Schemes- FOSFA Handbook containing member contact details- Advisory services covering contractual, legal and technical areas- Trade training and professional development programmes- A wide range of free or discounted publications and services- Access to FOSFA.net (private members website)- A quarterly Newsletter of interest to all members- Information on FOSFA and other trade events, providing networking opportunities

MembershipApplications for membership require to be proposed and seconded by two existing members, one of whichmust be a trading member, although the Secretariat will be pleased to assist in any cases where this maycreate a problem. Whist admission to membership does not imply any guarantee by the Federation of amember's standing or integrity, the Council reserves the right to refuse applications, without giving reasons, ifit is felt to be in the interests of the existing members.

There are several different categories of membership at varying rates of annual subscription. These arerevised periodically by the Council but maintained at the lowest possible level and are assisted by the incomegenerated from the provision of other services, including those supplied to non-members. The details are setout in the Federation's price list.

Membership Categories Trading Members which shall be companies, firms, sole traders, organisations or others carrying on businessas principals to contracts in the commodities covered by the Federation.

Broker Members (Full or Associate) which shall be companies, firms, sole traders, organisations or otherswhich do not act as principals to Federation contracts and only receive remuneration in the form ofcommission from either or both of the contracting principals concerned.

Analyst Members (Full Analyst or Associated Analyst) which shall be laboratories or analysts notassociated with any company, firm or organisation engaged in the trade in Federation commodities andrestricted to laboratories or analysts recognised by the Federation for the purposes of analyses carried outunder the terms of the Federation's contracts.

Superintendent Members which shall be restricted to independent superintendents recognised by theFederation for the purposes of superintending under the terms of the Federation's contracts.

Non-Trading Members (Full or Associate) which shall be organisations or others not eligible in any or suchother specialist categories from time to time in being.

Kindred Associations the Federation has 20 member kindred associations on 6 continents representing thetrade in oils, seeds and fats globally.

Further information on all aspects of our services can be ascertained by contact with the Federation.

FOSFA International20 St Dunstans HillLondon, EC3R 8NQ, UKTel: +44 (0)20 7283 5511Fax:+44 (0)20 7623 1310E-mail: contact@fosfa.org

Professional contractual and arbitralassociation promoting the trade inoils, seeds and fats globally

Federation of Oils, Seeds and Fats Associations Ltd www.fosfa.org

www.fosfa.org/fosfanet

One of the benefits of membership is access to an exclusive members website FOSFA.net

which is a secure and closed internet site (Intranet). The site contains a number of sections,

several of which are highlighted below -

About UsIntroduction to the Federation and details about membership.

ArbitrationInformation on the services offered by FOSFA, the Guide/Rules of Arbitration and Appeal

and details about the FOSFA Published Awards Service.

Carriage of Oils and FatsDetails about the various Contract Referred Documents, Heating Instructions, ISO Tank

Containers, Prescribed Report Forms and other Lists/Reference Documents.

Contracts/ClausesIndividual FOSFA Contracts, Optional Clauses, Insurance Clauses/Exclusions and

Settlement Prices.

MembersElectronic directory of membership by category, section, country and name.

News/EventsDetails of forthcoming events, trade news/updates, the FOSFA Newsletter and various other

published articles of interest to the oilseeds and oils and fats trade.

TechnicalDetails about the Superintendents and Analysts Schemes, Sampling and Analysis Methods,

the Code of Practice for Member Superintendents, the Technical Manual, Complaints

Procedures, Glossaries and the Technical Bulletin.

Training/EducationInformation and registration forms for Conferences, Residential Courses and Seminars.

Website LinksUseful points of contact/website links, including shipping, insurance and trade bodies.

FOSFA.net access details are provided upon admission to membership and,

thereafter, on payment of annual subscriptions.

www.fosfa.org/fosfanet

ON-LINE PUBLISHED AWARDS SERVICE

The FOSFA Published Awards database comprises over 360 awards made up, in the main, by first-tier arbitration cases. However, where such awards have been challenged by one or other party, the FOSFA appeal award has been incorporated into the file, thus presenting both formal decision processes in respect of the dispute. (Amendments made to awards under the Slip Rule, Section 57 (1996 Act) have been incorporated). The same principle applies to court referrals, with a brief executive summary for those few cases where the courts have been involved. Transcriptions of court proceedings are not usually provided to FOSFA, unless of course they become significant case law and are published in the public domain.

The Published Awards Service provides a membership benefit and a unique source of information to interested parties, thus aiding trade knowledge and highlighting procedural matters.

Periodically, new awards are added to the database (typically 15 a year), but this is always subject to a supply of awards becoming available. The cases relate to disputes arising from contracts entered into from 1994, and currently cover up to 2008, early 2009. All awards are edited to take out the names of parties and service providers in order to maintain the anonymity of those involved. FOSFA has applied its best efforts and knowledge to this editorial function.

This is an inclusive service to all members.

Published Awards Search Facility

This search facility draws on the FOSFA Published Awards Database. Three search categories are available -

Commodity

FOSFA Contract Number

Dispute Issue

The database facility allows selection under each category, for example:

Commodity: Palm oil

FOSFA Contract No: 80

Dispute issue: Dumurrage

Submit your query to obtain results of the Award/s available in the database that match these criteria. Please note that many combinations are not relevant, such as Sunflower on FOSFA 80.

May 2013

FEDERATION OF OILS, SEEDS & FATS ASSOCIATIONS LTD, 20 ST DUNSTANS HILL, LONDON, EC3R 8NQ, UK Tel: +44 (0)20 7283 5511 Fax: +44 (0)20 7623 1310 E-mail: contact@fosfa.org

MEMBERSHIP SUBSCRIPTIONS

TRADING MEMBER (Annual turnover 100,000 Tons or over) 1,250 Covers 3 Representatives Free copy FOSFA Manual and Amendment Service Free copy FOSFA Technical Manual and Amendment Service Consultancy and Advisory Service Discount on Arbitration and Appeal Fees

TRADING MEMBER (Annual turnover 5,000 - 100,000 Tons) 975 Covers 2 Representatives Consultancy and Advisory Service Discount on Arbitration and Appeal Fees

TRADING MEMBER (Annual turnover of less than 5,000 Tons) 675 Covers 1 Representative Consultancy and Advisory Service Discount on Arbitration and Appeal Fees

TRADING OR NON-TRADING MEMBER (SELECTED GROUNDNUTS SECTION ONLY) 200 Covers 1 Representative Consultancy and Advisory Service Discount on Arbitration and Appeal Fees

FULL NON-TRADING MEMBER 675 Covers 1 Representative Consultancy and Advisory Service

ASSOCIATE NON-TRADING MEMBER 500 Covers 1 Representative Consultancy and Advisory Service

FULL BROKER MEMBER 500 Covers 1 Representative Consultancy and Advisory Service

ASSOCIATE BROKER MEMBER 250 Covers 1 Representative Consultancy and Advisory Service

FOSFA FULL ANALYSTS 675 Covers 1 Representative

FOSFA ASSOCIATE ANALYSTS 600 Covers 1 Representative

SUPERINTENDENT MEMBER 675 Covers 1 Representative

KINDRED ASSOCIATION 500 Covers 1 Representative

ADDITIONAL REPRESENTATIVES (i.e. those not covered by the basic subscription) 40 each (VAT is charged to UK Companies only)

PRICE LIST

May 2013

PUBLICATIONS

Members Non-Members

MEMBERSHIP CERTIFICATE 10

FOSFA MANUAL This publication contains eight sections, four sections of Contracts and 70 120 Contractual Clauses, the other sections the Rules of Arbitration and Appeal, the Guide to Arbitration and Appeal and Institute/FOSFA Insurance Clauses

FOSFA MANUAL AMENDMENT SERVICE Automatic updating service per annum 40 70

TECHNICAL MANUAL This publication contains analysis and sampling methods relating to FOSFA 50 75 contracts

TECHNICAL MANUAL AMENDMENT SERVICE Automatic updating service per annum 30 55

BOTH MANUAL 100 170

BOTH MANUAL AMENDMENT SERVICE Automatic updating service per annum 60 115

CARRIAGE OF OILS AND FATS DOCUMENTS Loose leafed manual publication containing Ships Qualifications and Operational Procedures, related Certificates and the Banned and Acceptable Previous Cargo Lists

Initial Copy (and Amendment Service) Free 30 Additional Copies (and Amendment Service) 30 30

RULES OF ARBITRATION AND APPEAL 5 15

RULES OF ARBITRATION FOR BROKERS COMMISSION AND INTEREST 5 15

SMALL CLAIM SINGLE TIER RULES OF ARBITRATION 5 15

GUIDE TO ARBITRATIONS AND APPEALS Free on request

CODE OF PRACTICE FOR ARBITRATORS Free on request

FOSFA HANDBOOK Issued in April each year, this publication lists members by category, with a brief description of their activities, the Federation's Rules and Regulations, Officials and Committee details

Initial Copy Free 50 Additional Copies 20 35

CODE OF PRACTICE FOR FOSFA APPROVED SUPERINTENDENTS This publication covers the procedures for superintending of shore installations, and on board ships in relation to oils and fats, oilseeds and selected groundnuts

Member Superintendents Initial Copy Free Additional Copies/Other categories of Membership 30 65

CONTRACTS PER COPY* Members rate applicable to AIC, NFU and NEODA Members 5 15 *For bulk orders, prices on request (VAT is charged to UK Companies only)

May 2013

ARBITRATION AND APPEAL SERVICES

ARBITRATION AND APPEAL (TWO TIER) SERVICE

APPOINTMENT OF ARBITRATOR OR UMPIRE BY FOSFA Members (including Members of AIC/NFU in disputes on Contract No 26A only, Members of 100 NEODA in disputes on Contract No 90 only, and Members of ANEC in disputes under any ANEC Contract)

Non-Members 250

FEES Federation Fees calculated as follows - - Basic charge of 750 per award - Discount of 250 where both parties are Members - Additional charge of 750 for each Non-Member - Above total subject to a discount where small tonnages (mt) are involved i.e. - - up to 25 mt - 75%; 26-50 mt - 65%; 51-100 mt - 50%; 101-150 mt - 40%; 151-250 mt - 25% - Additional net charge of 10 for each page in excess of four pages - Notwithstanding the net result of the above a minimum charge of 300 to apply

Arbitrators/Umpires Fees - Fixed by the Arbitrators/Umpire at their discretion and charged in addition to Federation Fees

APPEAL DEPOSITS In all Cases 10,000

FEES Federation Fee 2,000 50% discount when both parties are Members (including Members of AIC/NFU in disputes on Contract No 26A only, Members of NEODA in disputes on Contract No 90 only, and Members of ANEC in disputes under any ANEC Contract)

Board Fees - Fixed by the Board at their discretion and charged in addition to Federation Fees

SMALL CLAIMS SINGLE TIER ARBITRATION SERVICE

FEES Federation Fees (including appointment of Sole Arbitrator) 250 - Additional charge of 250 for each Non-Member

Sole Arbitrator Fees - Fixed by the Arbitrator at his/her discretion up to a maximum of 500 and charged in addition to Federation Fees

BROKERAGE COMMISSION AND INTEREST ARBITRATION SERVICE

This service is restricted to Broker Members and includes the appointment of a Sole Arbitrator

FEES Federation Fee (Members only) 100

Sole Arbitrator Fees - Fixed by the Arbitrator at his/her discretion and charged in addition to Federation Fees

May 2013

PUBLISHED AWARDS SERVICE

Members

FOSFA.net Published Awards Service The Published Awards Service which is a Members only service consists of a Free secure password searchable database on FOSFA.net of over 360 awards which mostly consist of first tier Arbitration Awards, but where such Awards have been challenged, the FOSFA Appeal Award has been incorporated into the file, thus presenting both formal decision processes in respect of the dispute. Periodically, new awards will be added to the database, up to 15 per year

ANALYST SEALS

Members

Price per 100 75 (VAT is charged to UK Companies only)

NEWSLETTER ADVERTISING

Members Non-Members NEWSLETTER ADVERTISING One Page 250 600 Half Page 125 300 Back Page 300 650 (VAT is charged on all advertising)

LIST OF CONTRACTS AVAILABLE FROM FOSFA INTERNATIONAL AS AT JANUARY 2013

REVISED AND/ OR EFFECTIVE

2 Copra - CIF Terms January 2013

3 Sheanuts - CIF Terms January 2013

4 Oilseeds - FOB Terms September 2010

4A European Oilseeds - FOB Terms September 2010

5 Argentine/Uruguay Linseed - CIF Terms January 2013

9 USA/Canadian Flaxseed - CIF Terms January 2013

9A UK Linseed in Bulk - Ex Farm/Delivered Terms September 2010

11 Oilseeds - CIF Terms January 2013

11A USA/Canadian Sunflowerseed - CIF Terms January 2013

13 Sesameseed - CIF Terms January 2013

16 Cottonseed - CIF Terms January 2013

23 South American Soyabeans - CIFFO Terms January 2013

24 Canadian/USA Soyabeans - CIF Terms January 2013

25 Soyabeans - CIF Terms January 2013

26 European Oilseeds - CIF Terms January 2013

26A UK Rapeseed - Ex Farm/Delivered Terms (Issued in conjunction with AIC) January 2013

27 Oilseeds - Collection/Ex-Silo Terms September 2010

28 Oilseeds - Free Delivered Terms September 2010

29 Palm Kernels - CIF Terms January 2013

32 Full Container Loads - FCL Terms January 2013

34 Selected Groundnuts in Shell/Groundnut Kernels - C&F Terms January 2013

35 Full Container Loads Selected Groundnuts in Shell/Groundnut Kernels - CIF/C&F Terms September 2008

36 Canadian Rapeseed - CIF/C&F Terms January 2013

37 Selected Groundnuts in Shell/Groundnut Kernels - Spot Conditions September 2008

39 Full Container Loads Argentine Selected Groundnuts in Shell/Groundnut Kernels - CIF/C&F Terms January 2013

49 Gum/Wood/Tall Oil Rosin - CIF Terms September 2008

51 Argentine Soft Oils - FOB Terms (Issued in conjunction with CIARA) January 2013

52 Sunflowerseed Oil in Bulk European Ports - FOB Terms January 2013

53 Vegetable and Marine Oil - FOB Terms January 2013

54 Vegetable and Marine Oil - CIF Terms September 2008

55 Linseed Oil - CIF Terms September 2008

56 Vegetable and Marine Oil - Collection/Ex Works Terms September 2008

57 Vegetable and Marine Oil - Free Delivered Terms September 2008

58 Olive Oils and Olive-Pomace Oils - Collection/Ex Works Terms January 2012

59 Olive Oils and Olive-Pomace Oils - Free Delivered Terms January 2012

60 Fatty Acid Methyl Esters - FOB Terms January 2013

61 Fatty Acid Methyl Esters - CIF Terms September 2010

62 Oils and Fats - Ex Tank UK Terms September 2008

69 Technical Tallows and Greases - CIF Terms September 2008

70 Inedible Dripping/Tallow/Animal Fat - Delivered/Ex Works Terms January 2012

76 General Business Oilseeds etc - CIF Terms January 2013

79 General Business - Delivered/Ex Works Terms September 2008

80 Crude Unbleached Palm Oil - CIF Terms (Issued in conjunction with MPOA) September 2008

81 Palm and Palm Kernel Oil Products (Issued jointly with PORAM, MEOMA) September 2011

82 Crude Unbleached Palm Oil - FOB Terms (Issued in conjunction with GAPKI) January 2013

90 Refined Edible Oils and Fats - Delivered Terms (issued jointly with NEODA) September 2008

91 UK Produced Acid Oil - Delivered/Ex Works Terms September 2008

92 Refined Oils and Fats - Delivered Ex Works UK Terms (Issued jointly with SCOPA) September 2008

93 UK Delivered Feed Fat - Delivered Terms (Issued jointly with Feed Fat Association) September 2008

95 Brokerage September 2008

201 African Crude Groundnut Oil - CIF Terms September 2008

202 African Crude Groundnut Oil - FOB Terms January 2013

Short Form - This contract can be used in conjunction with a relevant form in cases where special conditions or modifications to that form are required (revised and effective 1 October 2004)

Tel

E-mail

Web

Yes No

We hereby apply for membership and shall comply with the FOSFA terms and conditions (tick relevant box):

Name/s of Director/s or Partners

BROKERS DECLARATION: I delcare that, so far as commodities traded under FOSFA terms are concerned, on entering intomembership and thereafter as a member, I will act only as a broker and not as a principal.

Signature

Signature

TRADERS DECLARATION: If you are principals to trading contracts, then please tick the appropriate box to indicate your total annualturnover of commodities negotiated under FOSFA contracts:

5000 to 100,000 tons

Details of your capital and other financial details that you consider appropriate:

Name of Applicant

Nature of Business

Fax

On admission to membership a member becomes liable to pay an Annual Subscription which, thereafter, becomes payable on 1 April each year.

Print

Company

Company

Up to 5000 tons

Address

Name/s

Trading Member

If yes, please give details:

Telex

Name/s

Name/s Selected Groundnuts Section

Oilseeds Section

Oils and Fats Section

We hereby apply for membership of the Federation of Oils, Seeds and Fats Associations Limited and, in the event of our being accepted,authorise entry of our name into the Register of Members of the Federation. Furthermore, we agree to abide by the Rules and Regulationsgoverning membership (which can be found on the FOSFA web site and in the Federation's Handbook).

Full / Associate* Broker Member

Place of Registration

VAT No (if applicable)Date of Formation

London EC3R 8NQ, UKTel: +44 20 7283 5511Fax: +44 20 7623 1310

E-mail: contact@fosfa.org Web: www.fosfa.org

FOSFA International, 20 St Dunstan's Hill

Signature

If accepted into membership, we wish to be represented in the Section/s indicated below and nominate the person/snamed against each Section as our representative/s.

Description of business activities and particular commodities involved:

Are you or have you been in any way associated financially or otherwise with any past or present member of FOSFA?

Full / Associate* Non-Trading Member

Signature Name

This application is proposed and seconded by the following members of the Federation. One of these must be a trading member andneither can be affiliated to the applicant.

Print

Membership Application Form: Trading, Non-Trading and Broker Categories

Over 100,000 tons

*Delete as appropriate.

Date

Date

Name

MEMBERSHIP - TERMS AND CONDITIONS

MEMBERSHIP OF THE FEDERATION SHALL CONSIST OF THE FOLLOWING CATEGORIES -

Trading Members which shall be companies, firms, sole traders, organisations or others carrying on business as principals to contracts in thecommodities covered by the Federation.

Broker Members (Full or Associate) which shall be companies, firms, organisations or others which do not act as principals to Federationcontracts and only receive remuneration in the form of commission from either or both of the contracting principals concerned. Brokers in thiscategory cannot be admitted under any other category of membership.

Non-Trading Members (Full or Associate) which shall be organisations or others not eligible in any or such other specialist categories fromtime to time in being.

Individual Members which shall be restricted to retired members and nominees. Past Presidents on their retirement and such other retiredpersons as the Federation sees fit to nominate as a recognition of their services to the trade, shall become Individual Members. This categoryof membership is not open to applicants.

EACH MEMBER SHALL COMPLY WITH THE TERMS AND CONDITIONS OF MEMBERSHIP AS LAID DOWN BY THE COUNCIL FROMTIME TO TIME AND, IN PARTICULAR

Trading Members or their representative/s shall have the right to attend Section Annual Meetings and General Meetings of the Federation.Each Trading Member has the right to one vote at such meetings. They have the right, if elected, to serve on the Council, Section or otherCommittees. They shall have the right to nominate as many representatives as they wish in accordance with the Rules. (The Council shalldecide from time to time the number of representatives to be covered by the Basic Subscription). They are entitled to such discount onarbitration and appeal fees and on other services provided by the Federation as the Council shall from time to time determine. They are alsoentitled to free use of the consultancy and advisory service and the legal and technical information service (except where legal or specialisedadvice is provided and charged to the Federation).

Full Broker Members or their representative/s shall have the right to attend Section Annual Meetings and General Meetings of the Federation.Each Full Broker Member has the right to one vote at such meetings. They have the right, if elected, to serve on the Council, Section or otherCommittees. In addition, they are entitled to elect annually by postal ballot a Full Broker Member or one of the representatives to serve oneach of the Federation's Section Committees. They shall have the right to nominate as many representatives as they wish but only one shallbe included in the Basic Subscription. They are entitled to such discount as the Council shall from time to time determine on services providedby the Federation. They are also entitled to free use of the consultancy and advisory service and the legal and technical information service(except where legal or specialised advice is provided and charged to the Federation).

Associate Broker Members or their representative/s shall have the right to attend Section Annual Meetings and General Meetings of theFederation but not to vote at them. They have the right to nominate as many representatives as they wish but only one shall be included in theBasic Subscription. They or their representatives do not have the right to be elected to membership of the Council, Section or otherCommittees. They are entitled to such discount as the Council shall from time to time determine, on services provided by the Federation(except where legal or specialised advice is provided and charged to the Federation).

Full Non-Trading Members or their representative/s shall have the right to attend Section Annual Meetings and General Meetings of theFederation. Each Full Non-Trading Member has the right to one vote at such meetings. They have the right, if elected, to serve on theCouncil, Section or other Committees and may be co-opted or appointed to them. They shall have the right to nominate as manyrepresentatives as they wish but only one shall be included in the Basic Subscription. They are entitled to such discount as the Council shallfrom time to time determine on other services provided by the Federation. They are also entitled to free use of the consultancy and advisoryservice and the legal and technical information service (except where legal or specialised advice is provided and charged to the Federation).

Associate Non-Trading Members or their representative/s shall have the right to attend Section Annual Meetings and General Meetings ofthe Federation but not to vote at them. They have the right to nominate as many representatives as they wish but only one shall be included inthe Basic Subscription. They or their representatives do not have the right to be elected to membership of the Council, Section or otherCommittees. They are entitled to such discount as the Council shall from time to time determine, on services provided by the Federation(except where legal or specialised advice is provided and charged to the Federation).

Only Trading Members, Full Broker Members and Full Non-Trading Members or their nominated representative/s to the Federation, with theexception of persons of the legal profession wholly or principally engaged in legal practice, shall have the right to act as arbitrators or umpiressubject to retirement at age 75, if still active in the trade, or two years after retirement, whichever comes first and subject to the provision thatan individual shall be allowed to continue with arbitrations in being at the date of his retirement as an arbitrator (except as otherwise providedin the Rules of Arbitration and Appeal).

Only Trading Members, Full Broker Members and Full Non-Trading Members or their nominated representative/s to the Federation who havenot reached age 75, if still active in the trade, or have not been retired for two years, whichever comes first, and subject to their election to theAppeals Panel, shall have the right to serve on Appeal Boards subject to the provision that an individual shall be allowed to continue with anappeal in being at the date of his retirement from the Panel (except as otherwise provided in the Rules of Arbitration and Appeal).

Yes

Account No:

Visa Electron Maestro JCB Switch Solo

Company:

Address:

E-mail:

Tel No: Date:

Name on Card:

Card No: Security No:

Issue No: Valid From: Expiry Date:

Amount: Account: Invoice:

(Last 3 digits on reverse of card)

5-10 Great Tower StreetLondon, EC3P 3HX, UK

2084947115-20-25RBOSGB2LGB57 RBOS 152025 20849471

Visa

Postcode:

IBAN No:Swift/BIC Code:Sort Code:

Please state below the items you would like to order, together with your preferred method of payment

TOTAL AMOUNT ()NO DETAILS

Bank:

FOSFA Member

Method of Payment (please tick the relevant box)

Credit CardBank Transfer Cheque

No

The Royal Bank of Scotland Plc

UNIT PRICE ()

Please Fax Back to: +44 207 623 1310 April 2010

ORDER FORM

MasterCard

Credit Card Payments

Payments over the sum of 750 will incur a 10 administation fee. Please provide the issue number of the card for Maestro, Switch, Solo and JCB. The Federation can accept the following credit cards -

Invoice Enquiries

E-mail: albert.myint@fosfa.org

Please state the account reference and invoice number on the bank transfer. The name and address details of the

Bank:

Account No:

Please state the account reference and invoice number on the back of the cheque.

Payable to: FOSFA International

Visa Electron Maestro JCB Switch Solo

Company:

Address:

E-mail:

Tel No: Date:

Name on Card:

Card No: Security No:

Issue No: Valid From: Expiry Date:

Amount: Account: Invoice:

Cheque Payments

PAYMENT OPTIONS

MasterCard

Payments over the sum of 750 will incur a 10 administation fee. Please provide the issue number of the card for Maestro, Switch, Solo and JCB. The Federation can accept the following credit cards -

Credit Card Payments

Fax: +44 207 623 1310

IBAN No:Swift/BIC Code:Sort Code:

The Royal Bank of Scotland Plc

April 2010

Visa

Postcode:

(Last 3 digits on reverse of card)

Please Fax Back to: +44 207 623 1310

2084947115-20-25RBOSGB2LGB57 RBOS 152025 20849471

5-10 Great Tower StreetLondon, EC3P 3HX, UK

If you have any queries of a financial nature, please contact Mr Albert Myint on -

Tel: +44 207 283 5511

Conditions of Payment

Bank Transfers

Payments by cheque or bankers order should be in Pounds Sterling and, if from abroad, should be drawn on a London Bank with all transfer charges for payer's account.

Federation's bankers are -

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