Article 1. Grade and Quality

RULE P- 1: Peanut Meal.

Peanut Meal is a ground product of the shelled peanuts, composed principally of the kernels, with such portion of the hull, or fiber, and oil, as may be left in the ordinary course of manufacture by a mechanical or solvent extraction process. If solvent extracted, it must be so designated.

RULE P-2: Peanut Meal and Hulls. 

Peanut Meal and Hulls is ground peanut meal whether mechanically or solvent extracted, which contains a small amount of peanut hull residue or to which peanut hulls have been added. If the peanut meal is solvent extracted, it must be so designated.

RULE P-3: Peanut Hulls. 

Peanut Hulls consist of the outer hull or the peanut shell.

RULE P-4: Other Contract Terms. 

Unless otherwise agreed other terms of the contract shall be in accordance with the applicable provisions of the Trading Rules of the National Cottonseed Products Association.