NIOP Resources

NIOP Trading Rules

The National Institute of Oilseed Products’ Trading Rules are recognized worldwide as the standard for the trade and transportation of uniform high-quality vegetable oil and oilseeds. These rules provide specifications for vegetable oil quality and descriptions and terms for seeds, nuts, and meals and cover types of sales and contracts, shipment terms, tank cars, trucks, barges and containers, performance of quantity specifications, quality specifications, survey procedures, acceptable prior cargoes (pdf) and many other aspects of trading in vegetable oils. You will also find information on chemists, samplers, and weighers, methods of analysis, guidelines for storage and transport of edible oils and Tank Truck Guidelines.

These rules are updated on a regular basis to reflect changing practices in the trade. These rules provide specifications for vegetable oil quality and descriptions and terms for seeds, nuts, and meals. The specifications serve as the foundation for sales and contracts, definition of shipping terms for cargoes carried by tank cars, trucks, barges and containers. The performance of quantity specifications, quality specifications, survey procedures, acceptable prior cargoes (pdf) and many other aspects of trading in vegetable oils rely on the trading rules.

 

Introduction to the Oilseed Industry Training Course

NIOP has designed an introductory course taught to help member companies tackle the time-consuming and sometimes cost-prohibitive task of educating new hires on the basics of the oilseeds industry. For only $100 per attendee, NIOP and industry leaders guide attendees through the acronyms, supply chain, the gamut of the prior cargo list, and the NIOP Trading Rules.

 

NIOP Member Directory

NIOP provides a list of contacts for all of its members in the members-only section of the site here