Grain and Feed Trade Association
| Grain and Feed Trade Association ltd. (GAFTA) |
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|---|---|
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| purpose | Representation of interests of grain and feed traders |
| Chair: | Alexei Gavrilov |
| Establishment date: | 1971 |
| Number of members: | approx. 1000 in 90 countries (2010) |
| Seat : | London |
| Website: | www.gafta.com |
The Grain and Feed Trade Association ( GAFTA ) is an international association of grain and feed traders. According to the company, around 1000 members are represented in 90 countries. The GAFTA goes back to the London Corn Trade Association (LCTA) founded in 1878, which merged with the London Cattle Food Association (LCFA) in 1971 and formed the GAFTA after it had split off from the LCTA in 1906. GAFTA operates from four offices in London (headquarters), Beijing , Geneva and Kiev .
The aim is to promote international trade and protect member interests. The activities of GAFTA include setting trading conditions and arbitration in the event of disagreement.
GAFTA contracts
GAFTA issues more than 80 different contracts . These are grouped by type of goods, destination and delivery conditions. A distinction is made in particular between CIF and FOB contracts. In addition, a distinction is made between whether the seller only has to deliver the goods as they arise ( Tel-Quel clause ) or whether the seller guarantees the condition of the goods upon arrival ( rye terms ).
The GAFTA contracts are mainly used when agricultural raw materials such as grain and animal feed are traded worldwide. While the standard conditions in the German grain trade and contract slip conditions play a role in Germany inland and in the near border traffic , the GAFTA contracts are tailored to overseas trade.
The contract works are in accordance with extraordinary detail of the English treaty practice and set the following points of a trading business fixed
- Quality, conditions, guarantees and warranty obligations
- Shipping documents and delivery obligations
- Risk bearing
- Group shipments
- Supply chains
- Requirements for the ocean-going ship for transport
- Export and import permits
- Insolvency of a contractual partner
- Payment terms
- Problems and Extraordinary Circumstances
- Replacement of demurrage
- Non-compliance and compensation
- Ancillary rules on weighing, sampling, analysis methods and insurance.
Without exception, the contracts contain a choice of law in favor of English law and an arbitration clause in favor of an English court of arbitration . The interpretation of the contracts is therefore subject to English law. At the same time, the GAFTA explicitly excludes other legal norms such as the UN sales law .
External impact
According to the Financial Express, 80 percent of world trade in grain and a significant proportion of animal feed are traded under GAFTA conditions. The efforts of the GAFTA are published and discussed in bodies of the food-producing industry.
organs
The interests of the association are represented by the 'Council', a 22-person body elected by the members, chaired by the President (see below).
Official representatives are the President, Deputy President, Vice President and the Immediate Past President (immediate predecessor of the incumbent President);
Several committees deal with the core issues of GAFTA work
- International Contracts Policy Committee
- Contracts Committee
- Arbitration Committee
- Superintendents Committee
- China Trade Committee
- UK Trade Section Committee
Associations
GAFTA is represented in a working group of the International Organization for Standardization (ISO) as an A-Liaison, i. H. the contributions are understood as effective contributions to the work of the ISO.
See also
literature
- Hugh Barty-King Food for Man and Beast: The Story of the London Corn Trade Association, the London Cattle Food Trade Association and the Grain and Feed Trade Association, 1878-1978 , London: Hutchinson, 1978
Web links
Full set of GAFTA rules
Individual evidence
- ↑ Ukrainian Business News ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. from October 4, 2011
- ↑ a b History ( Memento of the original from September 5, 2011 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. of the Bristol Corn and Feed Trade Association, accessed May 5, 2010
- ↑ a b c d e website ( memento of the original from October 15, 2006 in the Internet Archive ) Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved May 5, 2010
- ↑ Catalog entry ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. the Guildhall London, where the GAFTA, LCTA and LCFA documents are deposited.
- ↑ Tristan Wegner (2013) Overseas Purchase in Agricultural Trade - The Contract Practice According to GAFTA and Standard Conditions, A Comparative Legal Presentation ; International law studies; Vol. 66; PL Acad. Research, Frankfurt am Main; P. 19.
- ↑ Tristan Wegner (2013) Overseas Purchase in Agricultural Trade - The Contract Practice According to GAFTA and Standard Conditions, A Comparative Legal Presentation ; International law studies; Vol. 66; PL Acad. Research, Frankfurt am Main; P. 454 f.
- ↑ Tristan Wegner (2007) Compensation under the UN Sales Convention (CISG) (e-book) Grin-Verlag, Munich; (online) ( Page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.
- ^ Financial Express Online, accessed May 12, 2010
- ↑ CMI-Insight ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. Article on GAFTA activities
- ↑ Disclosure of the organizations involved in standardization on the Internet
