Common use of Functions of the Board Clause in Contracts

Functions of the Board. The functions of the Board shall include: 1. Undertaking a periodic review and assessment of the food situation and prospects in the region, including factors, such as production, consumption, trade, prices, quality and stocks of food grains. These periodic assessment reports shall be disseminated to all the Member Countries. 2. Examining immediate, short term and long term policy actions as may be considered necessary to ensure adequate supplies of food grains in the region and to submit, on the basis of such examination, recommendations for appropriate action to the Council of Ministers. 3. Reviewing implementation of the provisions of the Agreement, calling for such information from Member Countries as may be necessary for the effective administration of the Food Bank and issuing of guidelines on technical matters, such as maintenance of stocks, storage conditions, quality control and price. 4. Assessing the demands of food grains and identification of institutions and organizations in Member Countries that are to be contacted in case of release and withdrawal from its Reserves. 5. Devising appropriate mechanism(s) to collect, compile, generate, analyse, and disseminate information to facilitate its own work. 6. Resolving any dispute or difference regarding the interpretation and application of the provisions of this Agreement and functioning of the Food Bank. 7. Keeping the Schedules to this Agreement under review. 8. Recommending amendment(s) to the Agreement, as and when considered necessary, in accordance with the procedure specified in Article XV.