ICOA Member Benefits
The Principal objective of the Association is to promote the production, trade, and use of castor oil.
ICOA Member Benefits:
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The primary member benefit in the ICOA is the opportunity to network on a global basis with all major participants in the castor oil industry.
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The Association issues the only uniform sales contract specifically devised for trading in bulk castor oil.
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The ICOA established a standard specification for castor oil, found mutually acceptable to buyers and sellers.
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The ICOA established universally accepted procedures to preserve product integrity which included sampling methods at shipment and discharge and heating procedures during carriage and discharge.
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The Association keeps abreast of issues pertinent to its members such as Ocean Freight Conference rates, the damaged Oil Jetty #2 at Kandla Port, India, new imo regulations, REACH and others.
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The ICOA lends non-financial assistance to people interested in initiating the growing of castor seed or the trading of oil.
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The ICOA strives to provide background and understanding for those within the industry. In these endeavors, the ICOA develops and disseminates ideas and information to its members which will enhance the continuation of interest in a unique high-technology vegetable oil, which has excellent qualities for manufacturing specialty chemicals and is also one of the oldest vegetable oils in commercial use.
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