Warehouse Receipt

System

Reporters:
Francis Camacho
Joshua Temena
Andrew Balatero
Emmanuelle Rojas
Laila Mae Pelonio
 Warehouse
A warehouse stores the goods of others for
compensation and has the rights and duties of a bailee
in an ordinary mutual benefit bailment.
• A warehouser issues a warehouse receipt to the
depositor of the goods.
This receipt is a document of title that ordinarily entitles the
person in possession of the receipt to receive the goods.
Function of Warehouse
• Receive the produce/material
• Store them properly (Stacking, Space between two
stack, height of stack, use of plate in the ground)
• Protect the goods from damage, pilferage and
deterioration in quality
 Warehouse Receipt
• A document to state the ownership of the goods
• Warrant issued by warehouse to a person who
deposits his goods
• Document of title of goods as per the Sale of
Goods Act, 1930
TYPES OF WAREHOUSE RECEIPTS
• A nonnegotiable warehouse receipt states that the
goods received will be delivered to a specified person.

• A negotiable warehouse receipt states that the goods

will be delivered “to the bearer” or “to the order of”
a named person.
 ELEMENTS OF
WAREHOUSE RECEIPT
• Warehouse Receipt Serial Number
• Name of warehouse and it’s location license number
• Date of issue of receipt and duration of storage
• Name of commodity, it’s quantity, quality and grading and
standardization
• Private mark of depositor on goods
• Rate of storage and other charges
• Approximate value of goods stored
• Insurance details
• Whether warehouse receipt is negotiable or non negotiable

To whom goods are delivered
as stated on receipt
Purposes of receipt
Is receipt required for delivery
of goods?
Nonnegotiable Negotiable
Deliver to Jane Doe Deliver to the bearer
or
Deliver to the order of John
Doe
1. Contract for storage 1. Contract for storage
2. Receipt for goods 2. Receipt for goods
3. Document of title 3. Document of title
Yes Yes
If receipt says “Deliver to the
order of John Doe,” It must be
indorsed by John Doe for
holder of receipt to receive
goods.
Due Negotiation of Receipt
WAREHOUSER SELLER
(Issuer) GOODS (Depositor) (Bailee)
(Bailee)
WAREHOUSE
RECEIPT

BUYER

Indorsement and
WAREHOUSE delivery
RECEIPT
value/good faith
due negotiation

right to goods PURCHASER OF

WAREHOUSE
or right to RECEIPT
negotiate further
Types of Carriers
• Common Carriers
• Furnish transportation of goods for a price; available to the
general public.
• Contract Carriers
• Furnish transportation of goods according to a specific contract with a specific
party.
• Private Carriers
• Transport goods owned by the carrier’s owners.