| Topic | Sale of perishable goods, commodities and raw materials - Grains, oil seeds and feeding meals |
| Source |
The Grain and Feed Trade Association (GAFTA) Gafta House, 6 Chapel Place, Rivington Street London , United Kingdom EC2A 3SH |
| Telephone | 44 171 814 9666 |
| Fax | 44 171 814 8383 |
| Publication date | 1995-10-01 |
| Web | http://www.gafta.com |
| post@gafta.demon.co.uk |
 |
Model Computer Contract
Please note: The contracts and guides contained in the present collection have been selected for illustrative purposes only. Juris International shall not be liable for their contents or use.
Model computer contract
The Council of The Grain and Feed Trade Association has introduced the following form as a ''Model" contract for parties to follow if they use their own house computer contract forms and make reference to a GAFTA contract.
Contract Ref No ___________
Date ____________
Sellers ____________
Intervening as brokers ____________ Brokerage ____________ per tonne
Buyers ____________
Quantity ____________
Goods ____________
Shipment ____________
Destination ____________
Quality ____________
Price ____________ per tonne ____________
Payment ____________
Other terms ____________
____________
____________
____________
____________
All the above terms, conditions and rules contained in Form No ____________ of The Grain and Feed Trade Association (of which the parties admit that they have knowledge and notice) apply to this transaction, and the details above given shall be taken as having been written into such Form in the appropriate places.
Arbitration Clause:
(a) Any dispute arising out of or under this contract shall be settled by arbitration in accordance with the Arbitration Rules, No. 125, of The Grain and Feed Trade Association, in the edition current at the date of this contract, such Rules forming part of this contract and of which both parties hereto shall be deemed to be cognisant.
(b) Neither party hereto, nor any persons claiming under either of them shall bring any action or other legal proceedings against the other of them in respect of any such dispute until such dispute shall first have been heard and determined by the Arbitrator(s) or a Board of Appeal, as-the case may be, in accordance with the Arbitration Rules and it is expressly agreed and declared that the obtaining of an award from the Arbitrator(s) or a Board of Appeal, as the case may be, shall be a condition precedent to the right of either party hereto or of any persons claiming under either of them to bring any action or other legal proceedings against. the other of them in respect of any such dispute.
Sellers ____________ Buyers ____________
