Forestry Term Supply Licence
A term supply licence (TSL) is a licence with a term of up to 10 years, granting rights to harvest specified forest volumes as well as responsibilities for forest management. A TSL may be volume-based or area-based.
1. Benefits
Term supply licences offer companies two- to 10-year terms (usually five), and they may be renewed for a second term if sufficient volume is available.
Area-Based
On area-based licences, the licensee has rights to all volume except that which is specifically excluded for the use of other parties.
Volume-based
On a volume-based licence, a licensee's volume is specified in the licence.
2. Eligibility
Term supply licensees are responsible for:
- Preparing an operating plan for the term of the licence, and updating it every year. This must be approved by the ministry before harvesting can occur.
- Preparing a forest management plan if the term of the licence is longer than five years. This must be approved by the ministry before harvesting can occur.
- Ensuring that all forest management activities follow approved plans
- Payment of stumpage fees and forest management fees
- Consulting with First Nations, Indigenous people and the general public about proposed activities