GAFTA 64 PDF

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.

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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 PDF

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GAFTA - 64 - General Contract

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. The Sellers argued that, as the notice was served after hours, it was deemed to have been received the following day, on Tuesday 14 December, pursuant to the deemed notice provision in clause 19 and was therefore out of time. The GAFTA Board of Appeal found in favour of the Buyers, holding that the deemed notice provision in clause 19 did not apply and that, under clause 8, the Buyers had until midnight on 13 December to serve the notice claiming an extension.

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