June 28th, 2011

ARBITRADE becomes a GAFTA member

On 16 May 2011, ARBITRADE has become the new member of the Grain and Feed Trade Association (GAFTA).

ARBITRADE has a particular eminence in international arbitration and is particularly well regarded for its work in GAFTA’s arbitrations. The Grain and Feed Trade Association (GAFTA) traces its history back to 1878, when the London Corn Trade Association (LCTA) started operations. In 1906, a group of traders spun off the LCTA and formed the London Cattle Food Association (LCFA). In 1971 LCTA and LCFA merged to form GAFTA.

Nowadays, International Trade Association consists of over 1250 Members in 86 countries. 80 percent of world trade with grains is regulated under GAFTA terms.

GAFTA aims to promote international trade in grain, animal feed materials, pulses and rice, and to protect interests of its members worldwide.

GAFTA’s internationally recognized arbitration service provides parties using its standard forms of contracts with a system of resolving trade disputes in a fast and efficient manner. All disputes are adjudicated by the qualified arbitrators who have been assessed under the CPDP requirement. In order to maintain its high standards all GАFTA Qualified Arbitrators and Mediators are registered on the Continuing Professional Development Programme to keep up-to-date on all contractual and arbitral issues.

GAFTA has offices in London (Headquarter), Kyiv and Beijing.

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