Common use of Order Confirmation Clause in Contracts

Order Confirmation. See clauses 1.5 and 1.6 Parties: The Seller* + the Buyer* + SPF*, who have entered into a Business Agreement with each other. Party: One of the parties*. Pig Circle Contract: The Pig Circle Contract is either a Two-Party Agreement or a Three-Party Agreement in which the trade conditions for ongoing deliveries of weaners are described. Pool Weaner: Weaners traded in the free market via an Order Confirmation * between Seller*, Buyer* and SPF*. Production levy: The purpose of the Pig Levy Fund* is to strengthen the development potential and competitiveness of the pork sector as a whole and for that purpose a so-called production levy per exported weaner is charged. Seller: The legal person who sells the pigs to SPF* and receives payment for the pigs supplied. SPF Portalen: See clause E.2. SPF quotation price: Every week SPF* sets the market price for weaners in SPF herds* declared as PRRS negative and PRRS positive herds. Furthermore, every week SPF* sets a SPF market price for weaners from herds with unknown SPF health status. Two-party and three-party agreements: See clauses 1.5 and 1.6.