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Non negotiable warehouse receipt

NON-NEGOTIABLE STORAGE CONTRACT AND WAREHOUSE RECEIPT 2025

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The document is a Non-Negotiable Storage Contract and Warehouse Receipt outlining the terms and conditions for storing goods with a company. It details the storage period, charges, liability limitations, declaration of value options, and responsibilities of both the depositor and the company. The contract specifies various fees for services, conditions for delivery, and the company's rights regarding liens on stored property. It emphasizes that the depositor must ensure payment before accessing or delivering goods and clarifies that the company's liability is limited unless specific value declarations are made.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the 'Received By' and 'From' fields with the appropriate names. Ensure that you also fill in the 'Prepared By' section.
In the 'Lot No.' field, input the designated lot number for reference in future correspondence.
Fill in your contact information, including 'Domiciled At' and 'Telephone No.', ensuring accuracy for communication purposes.
Specify the 'Property to be Stored At' and enter the 'Date of Order'.
Review and complete sections regarding storage charges, including any recurring charges or additional fees as outlined in the contract.
If applicable, declare the value of goods being stored by filling out the Declaration of Value section accurately.
Sign and date where indicated to finalize your agreement, ensuring all parties involved have a clear understanding of terms.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Can a warehouse receipt be used as collateral for borrowing?

The warehouse receipt can be used as collateral for a bank loan. The depositor can use the loan to finance their operations without the need to sell their crops immediately after harvest and while waiting for post-harvest prices to improve.

Is a warehouse receipt a negotiable instrument?

Warehouse receipts may be negotiable or non-negotiable. Negotiable warehouse receipts allow transfer of ownership of that commodity without having to deliver the physical commodity. See Delivery order. Most warehouse receipts are issued in negotiable form, making them eligible as collateral for loans.

Are warehouse receipts issued negotiable or non-negotiable?

Negotiable warehouse receipts are transferable, meaning they can be bought, sold, or used as collateral for financing. Non-negotiable warehouse receipts, on the other hand, are not transferable and can only be redeemed by the original owner or depositor.

Is a warehouse receipt not considered a document of title?

A ware house receipt evidences the transfer of ownership for immediate delivery or delivery at a future date. A document of title evidences that the person in possession of the document is entitled to receive, hold, and dispose of the document and the goods covered in the document.

What is a warehouse receipt used for?

A warehouse receipt is a document that provides proof of ownership of commodities (e.g., bars of copper) that are stored in a warehouse, vault, or depository for safekeeping.

negotiable warehouse receipt

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What is warehouse receipt loan?

A warehouse receipt financing system is a mechanism that allows the use of commodities as collateral to secure loans. In a typical warehouse receipt financing approach, a farmer stores commodities at a certified independent warehouse.

Which item Cannot be used as collateral for a loan?

Personal items with low market value, future income, retirement accounts, and certain insurance policies typically cannot be used as collateral.