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CHAPTER X. CRUDE  SUNFLOWERSEED OIL


Article 1. Grade and Quality

RULE S-4: Crude Sunflower Oil.
RULE S-5: Prime Crude Sunflower Oil.


Article 2. Adjustments and Variations

RULE S-6: Crude Oil Settlements.







Article 1. Grade and Quality

RULE S-4: Crude Sunflower Oil. 

Crude Sunflower oil shall be pure sunflower oil produced from American grown sunflower seed by either mechanical or solvent process and conforming to standard specifications as listed in Rule S-5.

RULE S-5: Prime Crude Sunflower Oil. 

Prime Crude Sunflower oil shall contain: Not more than 3.0% Free Fatty Acid. Not more than 5.0% moisture and volatile matter. Neutral oil loss not exceeding 7.5%. Flash point not lower than 250F. Refined and bleached color shall be no darker than A.0.C.S. 2.5 red.

Article 2. Adjustments and Variations 

RULE S-6: Crude Oil Settlements. 

Sec 1. Buyer shall credit seller at the rate of 0.1% of the contract price for each 0.1% free fatty acid below 2.0%; seller shall pay buyer at the rate of 0.l% of the contract price for each 0.1% in excess of 2.0%, but not exceeding 3.0% free fatty acid. 

Sec 2. Buyer shall pay seller for loss at the rate of 1% of the contract price for each 1% loss under 5% and seller shall pay buyer at the rate of 1% of the contract price above 5%. Loss to be calculated fractionally throughout. 

Sec. 3. When refined and bleached color is in excess of A.0.C.S 2.5 red, the oil is rejectable and settlement shall be made by negotiations between buyer and seller. 

Sec. 4. Unless otherwise agreed, other terms of this contract shall be in accordance with the applicable provisions of the Trading Rules of the National Cottonseed Products Association.

Note: Crude oil settlement shall be made using either Sec. 1 or Sec. 2 and Sec. 3 combined.


Effective August 1, 2008
2002 National Cottonseed Products Association. All rights reserved.