SRA Sugar Order No. 9 (1991)

(NAR) VOL. III NO. 3 / JULY - SEPTEMBER 1992

[ SRA SUGAR ORDER NO. 9 S. 1991-92, July 29, 1992 ]

MOLASSES STORAGE CERTIFICATE

Pursuant to the powers vested in the Sugar Regulatory Administration and for the purpose of standardizing procedures by all sugar mill companies, it is hereby ordered that:

SECTION 1. Molasses Storage Certificate forms shall be provided for molasses manufactured by all sugar mills.

SECTION 2. The Molasses Storage Certificate shall be certified correct and signed by the authorized representative of the mill company and verified correct and signed by the authorized representative of the planters association. The format of said Certificate is hereto attached for the adoption by each mill company.

SECTION 3. This Sugar Order shall take effect immediately. Provisions of Sugar Orders, Circular Letters, Rules & Regulations inconsistent with or contrary to this Sugar Order are hereby amended, modified, or revoked accordingly. Adopted: 29 July 1992

(SGD.) ROBERTO S. SEBASTIAN (SGD.) RODOLFO A. GAMBOA Chairman Administrator

(SGD.) JOSE MA. Z. SILVA (SGD.) BERNARD C. TREBOL Board Member Board Member OFFICIAL MOLASSES STORAGE CERTIFICATE Crop Year 19___ - ____ DISTRICT MILL COMPANY PLANTER’S NO.

SERIAL NO. COMMERCIAL WEIGHT in LKg. THIS ____________________________________ CERTIFIES

that (Mill Company) holds in its storage facilities located at ___________________________________,for the disposition to the order of ____________________________ in the quantity of _________________________________ KILOS of Molasses. This Certificate is negotiable, subject to the terms and conditions and payment to the Mill Company of the charges and storage fees before withdrawal of the covered molasses from the Mill Company’s storage facilities. NOTE: See terms and conditions at the back hereof. Production for the Week Ended ________________________ Issued at ________________________ on ___________________.

VERIFIED CORRECT: CERTIFIED CORRECT:

__________________________ ________________________ Authorized Planters Assn. Authorized Mill Representative Representative The delivery to ______________________ of the molasses covered by this Certificate is hereby authorized by: ______________________ ___________ (Signature of Planter) Date Received MOLASSES DELIVERY ORDER NO. _______________ dated _____________ for the quantity of molasses represented by this Certificate. By: __________________ Date: _________ MILL COMPANY POLICIES AND REGULATIONS 1. Withdrawal of Molasses shall be allowed only upon presentation of the covering certificate properly indorsed. No registration of any transfer of ownership of the molasses prior to withdrawal is necessary.

2. The Mill Company shall, upon withdrawal of the molasses, collect from the holder of the covering certificate the necessary documentary and storage charges.

3. Storage period and the terms and conditions thereof shall be subject to existing agreements between the mill and the planters/planters association.

4. The Mill Company shall also have the option not to honor this Certificate if it bears any erasure, alteration or evidence of fraud. Source: Supreme Court E-LibraryThis page was dynamically generated