Dear members and cotton friends. Due to the pandemic linked to the Coronavirus and the uncertainty as to the resumption of full activity of our cotton sector, The Management Committee of the French Cotton Association (AFCOT) decided to postpone for one year the Cotton Forum which was to be held in Monte Carlo on October 7&8th 2020. We therefore hope to find you even more numerous in 2021
Its principal objective is to represent and to defend the interests of cotton professionals, whatever the size of the company, its sector of activity, or its geographical location.
The purpose of the European Cotton Rules (E.C.R) which appeared in 1877 under the name ‘Règlement Général du Havre’ is to define the meaning of clauses incorporated in a contract which has been concluded on the basis of European Cotton Rules (E.C.R) and to clearly indicate what are the rights and obligations to which the seller and the buyer are subject.
The European Cotton Rules (E.C.R) is an essential tool at the disposal of both buyers and sellers.
The legal security offered to users is the primary goal of any rule book.
The E.C.R is a fair and balanced tool for the defense of sellers and buyers. It is aimed at all players in the cotton trade, producers, merchants, spinners.
The European Cotton Rules (E.C.R) a dynamic tool adaptive to today’s business practices.
As trading carries inherent risks for the Seller or the Buyer, contracts have to be negotiated with trust between parties
The European Cotton Rules (E.C.R) :
Find the versions of the RGE of February 2015 and June 2016 as well as the latest version adopted in June 2019 by the French Cotton Association.
We also would like to reiterate that the use of arbitration requires the consent of both parties. This consent can be expressed either in a contract clause stating :
“RGE/ECR AFCOT – LE HAVRE ARBITRATION”
The change is explained in detail on the front page of the Regulation. If you want more information, please contact the AFCOT secretariat.
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AFCOT intervenes only in the form of advice, at the request of its members. The AFCOT Executive Committee proposes a non-exhaustive list of commercial arbitrators.
This list is available to any party for the appointment of his arbitrator. It is neither limiting nor exhaustive, since it in no way limits the total freedom of choice of the parties to the dispute.
AFCOT having opted to rely on a support judge in the event of difficulties encountered in the constitution of the arbitral tribunal, this list was sent to the president of the Le Havre tribunal of commerce.
As part of the procedure provided for in Appendix VI – Rule 4 of the EGM, the AFCOT Executive Committee approved on March 11, 2019, the following list of quality arbitrators :
This section is yours. We publish the most frequently asked questions about the EGR and arbitration.
Don’t hesitate to send us your questions.