Common use of Processing Services Clause in Contracts

Processing Services. TimkenSteel will provide the following Product processing services: a. Receiving the Product into the Central Yard and acknowledging receipt in Timken’s SAP system; b. Storing the Product within the Central Yard, and maintaining mill-supplied identification and segregation of the Product; c. Acknowledging, in Timken’s SAP system, of requests for Product transfers and Product shipments; d. Pulling from inventory and repackaging Product (including re-bundling, measuring and tagging) to meet Product transfer requirements of SAP signals; e. Re-bundling, measuring, tagging and placing in a storage location all residual Product from the repackaged Product; f. Recording, in Timken’s SAP system, all transactions created in the pulling of the Product; g. Providing logistics services, including obtaining transportation for the Product and loading the Product onto trucks for shipment. Carriers are to be selected and scheduled using a routing guide and procedure provided by Timken. For the avoidance of doubt, the processing services do not apply to steel that is returned to either TimkenSteel or the Central Yard by Timken.