ADVOKS GLOBAL · KENYA
The Capital Markets (Coffee Exchange) Regulations
44. Disputes relating to coffee weight loss
Edition: 2022-12-31 · In force
44. Disputes relating to coffee weight loss
(1)A licensed warehouseman shall be responsible for any weight loss which shall be the difference between the weight indicated in the coffee warrant or the warehouse receipt as the case may be, and the weight indicated in the weight note provided to the buyer or roaster at the time of release of coffee.(2)The weight loss claim will be limited to a period of thirty days from the date of the sale and shall be presented by the buyer or roaster to a licensed warehouseman except when such a claim on weight loss is within the acceptable tolerance levels as determined by the exchange from time to time.(3)Where the disputing parties fail to reach an amicable settlement, the dispute shall be referred to the exchange.(4)In the event that an aggrieved party is dissatisfied with the decision of the exchange, the party shall refer the matter to the Authority for resolution, failing which the Authority shall put in motion the arbitration process.