London Rice Brokers Association

Standard Contract terms

Members of the LRBA have pooled their experience in order to produce a standard contract to be used as the basis for international rice transactions.  It was drawn up with the help of Hill Taylor Dickinson, who are well-known and highly regarded lawyers in the field of commodities.  The contract is available for the rice industry to use for free and is downloadable.  It is reviewed annually and any amendments will be posted on the website.  The contract includes arbitration under GAFTA 125 rules, which is administered by GAFTA.

We hope you appreciate this contract and its versatility, as you will find it can be used both as a Cost & Freight and as an FOB contract and parties to the contract can mutually agree on clauses they wish to include or omit.

NOTE: Contract has been amended as of 1st November 2008

Download the LRBA Contract Terms

Download the contract terms