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This document serves as a receipt for storage services provided by the Owner, detailing terms, conditions, liability, and rates associated with the storage of goods.
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How to fill out non-negotiable warehouse receipt

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How to fill out NON-NEGOTIABLE WAREHOUSE RECEIPT

01
Start by entering the date of issuance at the top of the receipt.
02
Fill out the name and address of the warehouse operator.
03
Include the name and address of the depositor (owner of the goods).
04
List the detailed description of the goods, including quantity and condition.
05
Indicate the storage location within the warehouse.
06
State the duration for which the goods will be stored, if applicable.
07
Sign the receipt by the warehouse operator to validate it.

Who needs NON-NEGOTIABLE WAREHOUSE RECEIPT?

01
Depositors who need to store goods in a warehouse.
02
Warehouse operators to document the storage of goods.
03
Lenders and financial institutions requiring proof of goods as collateral.
04
Legal entities dealing with the transfer of ownership of stored goods.
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People Also Ask about

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.
Since the enactment of the Warehousing (Development and Regulation) Act, 2007, warehouse receipts have become fully negotiable instruments. They can be traded, sold, swapped, used as collateral to support borrowing, or accepted for physical delivery.
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. Non-negotiable receipts must be endorsed upon transfer.
Definition of non-negotiable receipt. — A receipt in which it is stated that the goods received will be delivered to the depositor, or to any other specified person, is a nonnegotiable receipt.
Negotiable warehouse receipts allow transfer of ownership of that commodity stored in a warehouse without having to deliver the physical commodity. These receipts are issued in negotiable form, making them eligible as collateral for loans.
On the other hand, a non-negotiable warehouse receipt is issued to a certain individual or organization. Goods can only be released to the named party and cannot be transferred to another person without the warehouse's approval.
A receipt in which it is stated that the goods received will be delivered to the bearer, or to the order of any person named in such receipt is a negotiable receipt.
The warehouseman will issue NWR only for those commodities for which warehouse is registered under the Warehousing (Development & Regulation) Act, 2007. 6. Instructions for delivery / transfer of goods will always be in writing and signed by the holder of NWR.

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A non-negotiable warehouse receipt is a document issued by a warehouse that acknowledges the receipt of goods for storage, indicating that the goods will be returned to a specified party when the receipt is presented, but without the ability to transfer ownership of those goods.
Typically, the owner of the goods being stored is required to file a non-negotiable warehouse receipt when goods are deposited in a warehouse.
To fill out a non-negotiable warehouse receipt, you must provide details such as the name and address of the warehouse, the name of the depositor, a description of the goods, the date of deposit, and any special instructions regarding the storage.
The purpose of a non-negotiable warehouse receipt is to provide proof of storage, ensure the return of the specific goods to the depositor, and maintain an official record of the transaction without transferring the rights of ownership.
The information that must be reported on a non-negotiable warehouse receipt includes the name and address of the warehouse, the name of the depositor, a detailed description of the goods, the quantity of goods, the date of issue, and any handling or storage fees.
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