In contracts that incorporate FOSFA 54, references to FOSFA HH54 or simply HH54 might appear. What does this signify, and why is it necessary? Short answer HH54 is a standard clause extending the shipment period. It’s optional because FOSFA 54 doesn’t inherently include an extension clause. This clause is part of FOSFA’s Optional & Special Clauses, available for purchase here. Detailed answer FOSFA 54 is a standard CIF contract (Contract for vegetable and marine oil…
