SNB - JDI Negotiations Update
In our March 18th, 2022 update, it was reported that SNB had requested the NB Forest Products Commission to initiate arbitration proceedings between the SNB Board and JDI.
The Commission granted the arbitration request made by SNB on March 17th, 2022 and gave the two parties seven days to appoint a representative to the arbitration panel.
SNB named Mr. David Palmer as its representative and at the time of this report, was never informed by the Commission who or if JDI named a representative.
Since the arbitration process has been granted, a considerable amount of uncertainty has developed with exactly what can be arbitrated.
Typically, items in a wood purchase agreement include:
- Price
- Product Specifications
- Volume
- Dates of Delivery
- Point of Purchase
- Terms and Conditions
On Thursday, April 14, 2022, the Commission notified SNB and JDI that they were seeking clarification of exactly what the two parties were seeking to arbitrate.
The SNB Negotiating Team looks forward to clarifying these outstanding items so that arbitration process can continue, so that owners and producers can be confident they are receiving a fair price for their forest products.
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