Indonesian goverment had issued the policy, namely warehouse receipt
system (WRS), to overcome this problem according to Indonesian law number 9/2006.
The EBRD is launching the first facility for agricultural commodity financing in Serbia, aiming to improve the access to funding for agribusinesses and promote the use of warehouse receipts
The GMR electronic warehouse receipt
system enables GMR members to store a variety of commodities in DMCCA-approved facilities managed by independent Collateral Managers.
bills of lading, warehouse receipt
, delivery receipts, etc.
A merchant who sold his warehouse receipt
or deliberately let it lapse clearly did recognize the difference.
2) Damages may be limited by a term in the warehouse receipt
or storage agreement limiting the amount of liability in case of loss or damage, and setting forth a specific liability per article or item, or value per unit of weight, beyond which the warehouseman shall not be liable; provided, however, that such liability may on written request of the bailor at the time of signing such storage agreement or within a reasonable time after receipt of the warehouse receipt
be increased on part or all of the goods thereunder, in which event increased rates may be charged based on such increased valuation, but that no such increase shall be permitted contrary to a lawful limitation of liability contained in the warehouseman's tariff, if any.
With the support of the above mentioned entities, PMEX established quality grades, storage and delivery mechanisms, farmer trainings, warehouse receipt
issuance for bank financing, price data dissemination and trading mechanism.
At present, innovations like Warehouse Receipt
(WHR) Financing, Value Chain Financing and Alternate Delivery Channels are being promoted in agriculture sector.
facilitation with other stakeholders full operationalisation of the warehouse receipt
system under the Zambia Agricultural Commodities Exchange (ZAMACE);
In his second State of the Nation address delivered on 25 February, President John Dramani Mahama announced that "as part of efforts to create an orderly, transparent and efficient marketing system for Ghana's key agricultural commodities to promote agricultural investment and enhance productivity, the Government has committed itself to the establishment of a Ghana Commodity Exchange (GCX) and associated Warehouse Receipt
Following a successful policy dialogue led by the EBRD with the Serbian Ministry of Agriculture alongside international donors, relevant legislation for the development of warehouse receipt
based lending was adopted in 2009 and an indemnity fund was established.
The CWC is also exploring several new avenues in the fields of warehouse receipt
financing and warehousing and logistics consultancy.