Terms & Glossaries of Shipping and Trading

GAFTA (Grain and Feed Trade Association)

The Grain and Feed Trade Association (GAFTA) is an international, London headquartered trade association consisting of traders, brokers, superintendents, analysts, fumigators, arbitrators and other professionals in the international grain trade.

What is GAFTA (Grain and Feed Trade Association)?

GAFTA sets out to promote international trade and protect the interests of its members. Activities include definition and regulation of:

● Quality standards, conditions of trade, guaranties

● Shipping documents and delivery conditions

● Terms of payment

● Dealing with problems and extraordinary circumstances

● Insurance

● Non-Fulfillment

● Weighting rules, sampling, analysis and insurance