Benefits of Membership

 

THE INTERNATIONAL CASTOR OIL ASSOCIATION, INC.

 

ICOA Constitution, ARTICLE II:

The Principal objective of the Association is to promote the production, trade, and use of castor oil. In the accomplishment of this, it shall be the policy of this Association to prohibit disclosure or discussion of prices, markets, or other confidential information, and such discussions will not be countenanced in the meetings of the Association, its Board of Directors, or Committees.

BENEFITS OF BEING A MEMBER OF THE ICOA 

  • The primary benefit of membership in the ICOA is the opportunity to network on a global basis with all major participants in the castor oil industry.

  • The Association issues the only uniform sales contract specifically devised for trading in bulk castor oil.

  • The ICOA established a standard specification for castor oil, found mutually acceptable to buyer and seller.

  • The ICOA established a satisfactory method for transport of castor oil, including a sampling method at shipment and heating procedures during carriage and discharge.  These methods are followed by all participants in the trade.

  • The Association has represented its membership's views with regard to matters, such as Ocean Freight Conference rates, U.S. tariff negotiations, the damaged Oil Jetty #2 at Kandla Port, India, and others.

  • The ICOA lends non-financial assistance to people interested in initiating the growing of castor seed or the trading of oil.

  • 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.

  • The Association has published two Technical Bulletins: The Processing of Castor Meal for Detoxification & Deallergenation and The Chemistry of Castor Oil and its Derivatives and Their Applications. These are available free to all members of the Association, as well as schools and libraries, and for a fee to non-members interested in purchasing them.

 

   

International Castor Oil Association