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{
    "id": 1090898,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1090898/?format=api",
    "text_counter": 1111,
    "type": "speech",
    "speaker_name": "Sen. Ndwiga",
    "speaker_title": "",
    "speaker": {
        "id": 278,
        "legal_name": "Peter Njeru Ndwiga",
        "slug": "peter-ndwiga"
    },
    "content": "“clearing house” means an entity approved by the Authority, and recognized as a clearing institution on behalf of a coffee exchange, providing the services of clearing and settlement of transactions and guaranteeing settlement on behalf of the exchange; “clearing and settlement” means the procedure by which a clearing house acts as an intermediary between a buyer and seller for exchange traded transactions in order to reconcile orders between transacting parties and ensure the physical or financial settlement of the transaction; “coffee dealer” means a person registered by the Board, a county government or the Authority to deal in coffee as provided under this Act; “coffee milling” means mechanical hulling or de-husking of coffee and includes grading of clean coffee; “coffee sales proceeds” means monetary consideration received at the direct settlement system in exchange for clean coffee sold at an exchange or, where applicable, through direct sales; “coffee standards” means the Kenya Coffee Standards issued by the Kenya Bureau of Standards; “coffee warrant” means an instrument prepared by the warehouseman of which the person named therein, or the last endorsee thereof, shall for all purposes be deemed to be the owner of the coffee to which it relates; “county executive committee member” means the county executive committee member for the time being responsible for matters relating to agriculture; “direct sale” means a contractual arrangement between a grower, a cooperative society, society, union, grower-miller, estate or an association of coffee growers and an overseas buyer or local roaster for the sale of own clean coffee based on mutually accepted terms and conditions enforceable in law and includes settlement coffee sales proceeds through the direct settlement system on boarded by a coffee exchange; “direct settlement system” means a banking facility provided by commercial banks regulated by the Central Bank of Kenya for clearing and settlement of coffee sales proceeds; “estate” means an area of land or group of parcels of land under coffee not being less than five acres in size in aggregate or land under coffee which has been issued with a pulping station licence; “licensing authority” means the Board, the Authority the county government or the Capital Market Authority as the case may be; “liquoring” means analysis of clean coffee to determine the attributes and quality of coffee for purposes of trade; “out-turn number” means an identifying number issued by a miller in respect of coffee delivered to a mill for purposes of traceability; “primary processing” means the process of removal of coffee pulp from cherry, fermentation, washing and drying to the coffee standard moisture content to obtain parchment; “prompt date” means a date specified in the sales catalogue, not being more than five working days from the date of the sale, for the payment of coffee sales proceeds by a buyer or a roaster;"
}