Federation of Oils, Seeds and Fats Associations
| Abbreviation | FOSFA International |
|---|---|
| Formation | 25 January 1968 |
| Type | Trade association |
| Legal status | Private company |
| Purpose | Oil, seeds and fats |
| Headquarters | 20 St Dunstan's Hill, City of London, EC3R 8NQ |
Region served | Worldwide |
Membership | 900 companies in 77 countries |
Chief Executive | Stuart Logan |
Main organ | FOSFA Council (President - Chris Berry) |
| Website | FOSFA International |
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
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
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
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
- British Association of Cold Pressed Oil Producers
- National Edible Oil Distributors Association - linked to the Food and Drink Federation
- EU Oil and Proteinmeal Industry - FEDIOL
- European Federation for the Science and Technology of Lipids
References
- ↑ Federation of Oils, Seeds and Fats Associations, Retrieved June 2011