Agriculture Financial Services Corporation (AFSC) defines a licensed buyer in the Contract of Insurance as a grain buyer, licensed by the Canadian Grain Commission (CGC) as a primary elevator or terminal elevator. AFSC only accepts the receipted grade on sales from buyers who have a primary elevator or a terminal elevator license from the CGC.
The Commission offers several classes of licenses, and the requirements are different for each class. The terminal elevator and primary elevator are the only two classes where licensees are required to sample upon receipt and resolve grade and dockage issues through the CGC.
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