Public Warehouse receipt
A public warehouse receipt is a document that a public warehouse manager issues as a receipt for the goods a company gives to the warehouse manager. The receipt can be either negotiable or nonnegotiable.
A public warehouse receipt has several purposes. It is proof that the company delivering the goods has delivered them to the warehouse and it shows that the warehouse received the goods. The receipt also serves as a contract between the company and the warehouse. The contract states that the warehouse will store the goods and return them to the company when requested.
- Public warehouse receipts are often used in logistics because they provide flexibility for companies.
- Companies can use public warehouses to store their goods without having to lease or buy their own storage space.
- Public warehouses are also used to store goods that are in transit between companies.
A Public Warehouse receipt will list the following information:
- The name of the public warehouse.
- The location of the public warehouse.
- The name of the company that delivered the goods.
- A description of the goods.
- The date the goods were delivered to the warehouse.
- The date the goods are scheduled to be picked up from the warehouse.
- The signature of the public warehouse manager.
A Public Warehouse receipt is important for companies because it provides documentation of the transfer of goods.
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