Warehouse Receipt Agreement

(b) If goods offered for storage or other services do not conform to the description on the front of this storage receipt, or if compliant goods are offered after 30 days from the date of the offer without the prior written consent of the depositor in accordance with subparagraph (a) of this section, the warehouse may refuse to accept these goods. If Warehouse accepts such goods, the shipper agrees to the rates and fees charged by Warehouse and all the terms of this Agreement. a) Instructions for the delivery of stored goods are effective only upon delivery to the warehouse and acceptance by the warehouse. The depositor understands and agrees that all fees will be charged to him until the time of transfer. If a transfer involves a reprocessing of the goods, this reprocessing is subject to a fee. If the goods placed in storage are transferred from one party to another by issuing a new warehouse receipt, a new storage date is set on the day of delivery. When working with precious metals, storage receipts can also be called safe receipts. Each futures exchange has specific delivery and storage requirements that must be met. For example, in the CME, exchange-approved warehouses are the only entities and locations that can deliver against a futures contract.

A warehouse receipt is a type of documentation used in futures markets to ensure the quantity and quality of a particular product that is stored in an approved facility. Storage receipts are important because they serve as proof that the goods are in the warehouse and that the appropriate documentation has been verified. Goods must meet certain quality standards to be negotiated as a futures contract, and inventory receipts play a role in verifying that the required requirements have been met. Inventory receipts are another operational step when physical merchandise is used as a backup for a futures contract. A stock receipt provides the exchange with proof that the goods authorized for sale are available and ready to be handed over to a buyer. The company that sells its inventory will draft a futures contract to sell at a certain price. Warehouse has a general privilege and a specific privilege for all legal costs for the storage and storage of goods, as well as for the money that Warehouse has advanced, interest, insurance, transportation, labor, weighing, cooperage and other fees and expenses related to such goods, as well as for the balance of any other account that may be due. The warehouse shall also have a general deposit right for all costs, advances and expenses for all other goods stored by the depositor in the facility or in any other facility where the warehouse owns, operates or stores goods. In order to protect its privileges, the warehouse may require advance payment of all charges prior to shipment of the goods.

Warehouse may exercise its privileges under this Agreement and applicable law. The depositor agrees that the depositor`s privileges remain even after delivery. Warehouse receipts are used in cases where a seller enters into a contract with a producer and buys certain goods that are not in stock, and then uses warehouse receipts to complain about the product in the warehouse. Inventory documents are required when drafting a futures contract on short (or for sale) goods. The company that takes the long (or buy) position is secured by the warehouse entrance. The company with the expiring long position contract receives the base share at the specified price. (a) The handling fee covers the ordinary work related to the receipt of the goods at the storage gate, the storage of the goods and the return of the goods to the storage door. The processing fee is due upon receipt of the goods.

(b) The month of storage shall begin on the day on which the warehouse takes over the maintenance, preservation and control of the goods, irrespective of their date of unloading or the date of issue of the corresponding storage document. (b) If a warehouse receipt covers goods in U.S. Customs and Border Protection bonds, Warehouse will not be responsible for the goods seized or removed by U.S. Customs and Border Protection. b) After 14 days` written notice to the depositor, the warehouse reserves the right, at its own expense, to transfer all goods stored in the facility to another facility in the warehouse. The warehouse stores the goods in one or more of the warehouse buildings that make up the facility and may move them within and between them without notice. (a) No goods may be delivered or transferred unless they receive complete written instructions from the depositor in the warehouse. Written instructions may be given by fax or e-mail, provided that the warehouse assumes no responsibility if it relies on the information contained in the notice when Warehouse receives it.

The warehouse may deliver goods on telephone instruction with the prior written consent of the depositor, but the warehouse is not responsible for any loss or error caused by such telephone instruction. However, futures contracts also have quality standards that must be met, and warehouse receipts play a role in the process of inventorying and delivering the underlying merchandise for the contract. For goods to be delivered to satisfy a futures contract, there must be a warehouse receipt for the goods. Sometimes, instead of physically delivering the actual goods that support a contract, inventory receipts can be used to settle futures contracts. In the case of precious metals, storage receipts can also be called safe receipts. The depositor may not designate the warehouse as the consignee of the goods under a bill of lading, bill of lading, air waybill or other contract of carriage, receipt or other delivery document. If the goods arrive at the warehouse in breach of this contract and this is the designated consignee, the depositor undertakes to inform the carrier in writing prior to such shipment with a copy of such notification to the warehouse that the warehouse is only a warehouse which has no beneficial ownership or interest in such goods, and the depositor further agrees to indemnify and hold the warehouse harmless from any claim for the costs of unpaid transport. including sub-incriminations, demurrage, detentions or charges of any kind arising out of or in any way related to the Goods. The depositor further agrees that if he does not inform the carrier as required by the preceding sentence, the warehouse has the right to refuse such goods and shall not be liable for any loss, injury or damage resulting from or in any way associated with such goods.

b) Unless the warehouse and the depositor agree otherwise in a written agreement signed by both parties, the work of unloading and loading the goods will be subject to a fee. Additional costs incurred by the warehouse for the receipt and handling of damaged goods and additional costs for unloading or loading into cars or other vehicles that are not at the storage door will be charged to the depositor. Whenever rice is available, Smith becomes the owner of the quantity purchased, but instead of having a lot of rice delivered to his store, Smith receives a storage receipt. The receipt contains important details about where the rice is stored. Smith can then choose to deliver some or all of the rice to his store. During this process, Smith must use a warehouse receipt as proof of ownership of the product. a) A minimum batch processing fee and a minimum storage fee per batch per month apply. If a stock receipt covers more than one lot or if there is a lot in the assortment, a minimum fee per brand, brand or variety applies. For example, if the buyer did not want to receive all the goods, he could send a partial order to the place where he needed it (for example. B, in his store to sell it) and keep the remaining part in stock. The warehouse receipt would serve as property for the goods stored in the exchange-approved warehouse. “Warehouse” means Platinum Cargo Logistics Inc.

and its subsidiaries, affiliates, agents or agents […].