Storage of Product. PROCESSOR shall store its Co-Products in tanks, bins, and warehouses that are approved in advance by MIDWEST. At the earliest reasonable time after processing commences each year and as soon as Co-Products are placed in storage, PROCESSOR shall deliver regular inventory reports to MIDWEST. All production included in the regular inventory report shall be included in the pool for the appropriate crop year even though the Co-Products remain on the property of the PROCESSOR. All on-site storage expenses and on-site labor, materials, and other expenses incurred at the PROCESSOR facilities for the preparation, loading and shipment of Co-Products produced by PROCESSOR shall be paid directly by PROCESSOR and shall not be a pool expense.
Appears in 3 contracts
Samples: Uniform Member Marketing Agreement (Minn Dak Farmers Cooperative), Uniform Member Marketing Agreement (American Crystal Sugar Co /Mn/), Uniform Member Marketing Agreement (American Crystal Sugar Co /Mn/)
