Notice to the Trade
Buyers and Sellers of agricultural commodities pursuant to terms of the NAEGA 2 Model F.O.B. Contract are advised that circumstances related to Hurricane Ida provide for a valid cause under the provisions of Clause 20.
Clause 20 provides for delays or prevention of delivery obligations arising from: (1) riots, strikes, lockouts, interruptions in or stoppages of the normal course of labor; (2) embargoes, or exceptional impediments to transportation; and/or (3) action by federal, state, or local government or authority. One or more of these conditions have affected Lower Mississippi River export operations and the impact on delivery or forwarding of commodity may be ongoing.
Consideration of certification by NAEGA in accordance with Clause 20 of cause for elevators and / or ports, which includes determination of the beginning and end, will proceed upon receipt of applications from Sellers.
Gary C. Martin
President & CEO
NAEGA