GAFTA Arbitration

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The International Grain and Feed Trade Association (GAFTA) is an international trade organization headquartered in London with members from 98 countries and approximately 1,900 members. GAFTA was created in 1971 by grain traders and works to protect the interests of its members by providing support through various agreements and arbitration, as well as developing trade policies and guarantees. Read more information on the website

The main goal of GAFTA is the development and standardization of the global grain and feed products market. To achieve this goal, the association develops standard contract terms, establishes methods for determining the weight and quality of products, provides analytical data, certification, and also protects the interests of market participants. In addition, GAFTA provides training and development for professionals in this field and provides a dispute resolution mechanism.

GAFTA Arbitration, governed by Arbitration Rules No. 125, is used to resolve disputes arising out of grain and feed transactions entered into under GAFTA rules. These disputes may include issues of delivery time, delays in payment, discrepancies in the quality and quantity of goods as specified in the contract, as well as disputes over demurrage and other breaches of obligations. Read more information on the website https://fortiorlaw.com/news/gafta-arbitration/

The benefits of GAFTA arbitration include:

  • Qualified Arbitrators: GAFTA Arbitrators are specialists in the grain trade who have extensive experience and are not necessarily lawyers.
  • No oral hearings: Disputes in GAFTA arbitration are often resolved without the parties having an oral hearing, speeding up the process.
  • Appeal Committee: Parties have the opportunity to appeal arbitration decisions to the GAFTA Appeal Committee.
  • Possibility of obtaining interim measures: The claimant may apply to the High Court of England and Wales for interim measures, such as a “wide freeze order” (WFO), to secure his claim.
  • GAFTA Arbitration provides an effective dispute resolution mechanism for global grain and feed market participants, and its procedures and rules are regularly updated in line with market needs and current trends.

Fortior Law is an international dispute resolution firm headquartered in Geneva, Switzerland. They also have offices in Rotterdam, the Netherlands, and Kyiv, Ukraine. The firm specializes in resolving disputes related to international trade and other commercial matters.

The Ukrainian office of Fortior Law, led by Danil Khristich, has experience in GAFTA arbitration practice, as well as in dispute resolution and international trade. Danil Khristich was recommended by The Legal 500 for Dispute Resolution and International Trade in 2020, confirming his qualifications and experience in this area.

Fortior Law provides dispute resolution services, including arbitration, and can assist clients in various aspects of international trade and legal matters.