NOFOTA stands for Netherlands Oils, Fats and Oilseeds Trade Association, being the Dutch umbrella-organisation of companies concerned with the production, consumption and trade of these commodities. It draws up standard contracts, which are of international usage (NOFOTA Trading Rules latest version (as from 1 January 2016)). Moreover it provides a mechanism for the settlement of disputes by its arbitration institute.
NOFOTA is founded in 1918 and has approximately 140 members. A-members (kindred organisations), B-members (producers, consumers, traders and brokers) and C-members (organisations concerned with the production and trade such as storage companies, laboratories, banks etc.)