Timber Sale Licence
Timber Sale Licence : An agreement entered into under the Forest Act (Part 3, Division 3) that is a non-replaceable, competitively awarded form of tenure used exclusively by BC Timber Sales to dispose of timber. Licence holders are required to pay stumpage to the Crown for all timber harvested, although the Crown usually retains responsibility for operational planning and reforestation requirements. A timber sale licence has a maximum term of 4 years