GAFTA 64 PDF

The Court upheld the GAFTA Board of Appeal award which found that the provision in the contract, whereby any notice received after hours on a business day would be deemed to have been received the following day, applied only in the case of resales and repurchases which was not the case here. The commercial reality was that, in those cases, it is particularly important that notices up or down the chain are served without delay because intermediary sellers or buyers in the chain may otherwise be prejudiced if the notice is not received in time to be passed on. Methods of rapid communication for the purposes of this clause are defined and mutually recognised as: - either telex, or letter if delivered by hand on the date of writing, or telefax, or E-mail, or other electronic means, always subject to the proviso that if receipt of any notice is contested, the burden of proof of transmission shall be on the sender who shall, in the case of a dispute, establish, to the satisfaction of the arbitrator s or board of appeal appointed pursuant to the Arbitration Clause, that the notice was actually transmitted to the addressee. A notice to the Brokers or Agent shall be deemed a notice under this contract.

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Gafta is operating as normally as possible. Staff members can be contacted by email and phone. We cannot receive any post while the office is closed, so please send all communications, including Arbitration submissions, via email. Membership Gafta has a wide range of membership categories, including traders, brokers, superintendents, analysts, fumigators, arbitrators, individuals, professionals and branches of members.

Membership includes access to the members directory and a variety of members-exclusive benefits correlating directly to our six key services. Read more Arbitration Gafta operates an international dispute resolution service for contractual disputes.

Awards can be enforced in countries under the New York Convention. Gafta members receive a discounted fee for the service and access to the defaulters list of companies who have not complied with an award.

Read more Events Gafta runs a range of seminars and conferences, black tie events and receptions across the world to facilitate networking within the trade. Gafta members receive discounted entry to events as well as access to exclusive members-only events and information services, as well as a bi-monthly newsletter.

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Gafta 64 FOB Grains in bulk

Gafta is operating as normally as possible. Staff members can be contacted by email and phone. We cannot receive any post while the office is closed, so please send all communications, including Arbitration submissions, via email. Membership Gafta has a wide range of membership categories, including traders, brokers, superintendents, analysts, fumigators, arbitrators, individuals, professionals and branches of members. Membership includes access to the members directory and a variety of members-exclusive benefits correlating directly to our six key services.

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GAFTA 64 PDF

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Interpretation of \”Notices\” Clause in GAFTA 64 Contract

Gagul Provided the vessel is presented at the loading port in readiness to load within the delivery period, sellers shall if necessary complete loading after the delivery period and carrying charges shall not apply. In particular, under clause 6, vessel nomination notices in the case of resales had to be passed on, where possible, by telephone and then confirmed on the same day in accordance with clause 19, the Notices clause. Awards can be enforced in countries under the New York Convention. First of all, changes have been made to the pre-advice requirements of the nomination clause in Gafta FOB contracts 18, 23, 64,and effective from 7 September GAFTA runs a range of seminars and conferences, black tie events and receptions across the world to facilitate networking within the trade. Methods of rapid communication for the purposes of this clause are defined and mutually recognised as: The buyer has the right to substitute any nominated vessel. Membership GAFTA has a wide range of membership categories, including traders, brokers, gaftaa, analysts, fumigators, arbitrators, individuals, professionals and branches of members. Events GAFTA runs a range of seminars and conferences, black tie events and receptions across the world to facilitate networking within the trade.

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