ASTA Contracts
ASTA provides its members with member-developed sample contracts tailored for the buying and selling of spices, ensuring secure and fair trade practices within the industry.
Use
ASTA contracts are available for ASTA members to use in the trading of spices and can minimize misunderstandings and enhance the reliability and efficiency of business interactions within the global spice market.
The use of ASTA contracts not only streamlines the trading process but also reinforces trust and confidence among trading partners, underpinning the association’s commitment to promoting best practices and integrity in the spice trade. All ASTA contracts are subject to the rules and conditions outlined in the contract.
Types of contracts
- Import CIF C&F FOB Contract - Ensures secure spice transactions by specifying delivery terms, shipping costs, and risk responsibilities between buyer and seller.
- Future Delivery Contract - Facilitates agreements for the sale and purchase of spices to be delivered at a future date, providing stability and predictability in the market.
- Spot Contract - Enables immediate purchase and delivery of spices, ideal for quick transactions where immediate exchange is necessary.
- Import Ex-Dock Contract - Specifies terms for spice deliveries directly from the dock after importation, clarifying logistics and responsibilities for both parties.
Limits for use
The use of an ASTA contract, as well as the use of ASTA’s name and/or logo, is an exclusive member benefit. Nonmembers are not permitted to use the ASTA logo or represent themselves as affiliated with ASTA in any way. To verify if a company is an ASTA member, please contact the ASTA office at [email protected].
ASTA contracts serve as templates for use in trade. Terms may be modified by parties of the agreement to provide additional clarity.
If you know companies using ASTA-branded contracts who are not ASTA members, please let us know by contacting ASTA at (202)331-2460 or [email protected].
