Warehouse Receipt

$59.95 Only

Product Code: 22

10 Reviews

Product Description:

  • Negotiable warehouse receipt form
  • Receipt of goods or materials left for safekeeping in warehouse
  • Document of title can receive, hold, sell or otherwise dispose
  • This is document of title and can be transferred by endorsement
  • Warehousing is a logistics activity & should have warehouse form
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The Importance of Warehouse Receipts: Every Receipt Matters




Does your business need to learn some key information about providing warehouse receipts? If so, you're welcome to read the information below. It could help your company create a better system for giving a receipt to a customer. If you have any questions, do not hesitate to contact the Moving Authority team.




What Is a Warehouse Receipt Form?




Warehouse receipts are official moving carrier documents. They offer legal proof that someone owns commodities stored within a warehouse. There are two types of warehouse receipts:

1. Negotiable warehouse receipts. 

2. Non-negotiable warehouse receipts. 



Carrier owners often get confused about what a non-negotiable warehouse receipt refers to. These receipts ensure that the transfer of ownership of an item can take place. But delivering the item does not need to happen. If that’s the case for your company, then the warehouse receipt should confirm it.



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Warehouse & Warehouseman Receipts Under US Law




The majority of warehouse receipts are negotiable. This means that they can serve as collateral when it comes to loans. So, what is one of the key differences of non-negotiable warehouse receipts? They have to get endorsed whenever a transfer takes place. Any warehouseman should keep this information in mind. US law regulates the majority of warehouse receipts. This gets based on the Uniform Commercial Code’s Article 7 section. Many jurisdictions use Article 7 as official policy that applies toward moving carriers.




Why Do Warehouse Receipts Matter So Much in Business? 




Warehouse receipts are proof that a commodity exists and is available. Each warehouse receipt should address the following three factors: 

1. The quantity of the commodity that’s stored in a facility. 

2. The type of commodity that’s stored in a facility. 

3. The quality of the commodity that’s stored in a facility. 



Warehouse receipts can also convey whenever a transfer of ownership takes place. This applies to the following two forms of delivery:

1. Delivery that will happen in the future. 

2. Delivery that is immediate. 

Sometimes organizations choose not to deliver a client’s commodities. When this happens, the receipt should feature an expiring futures contract.




What Other Information Does a Warehouse Receipt Show About a Commodity?




Warehouse receipts do more than provide proof of ownership of goods. They also address every unfinished good that gets stored within a warehouse. This applies to both distributors and manufacturers. Many companies depend on warehouse receipts due to their importance in futures markets. The receipt is the best proof of what physical condition stored goods are in. This applies to all types of warehouse facilities. 

Say that there is no warehouse receipt. This means that there is little-to-no proof that a commodity exists within a warehouse. Plus, there's little evidence that proper documentation has gotten verified within the warehouse. A warehouse owner should have certain quality standards that the employees adhere to. Once the standards are in place, the framework for a warehouse receipt now exists. Next, a warehouse receipt template can get used with all requirements in mind.




When Do Customers Need Receipt Forms?


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Warehouse receipts should get used whenever a customer stores a product. Otherwise, how can a product get claimed if there is no receipt? A storage contract should specify a company’s warehouse receipt policy. This is so both staff and customers will understand how the warehouse process works. Also- say you need help creating quality warehouse receipts for your company. If so, please call or email our organization right now. Our staff can help you set up a winning warehouse receipt system. That system will help ensure that your warehouse staff is in complete compliance. Plus, the receipt system is simple so that customers can understand it with ease.




A Personal Warehouse Receipt Example




Here is a personal example of the importance of using a warehouse receipt. Say that Mary Collins, a grocery store owner, talks to a baker. She decides to order a big shipment of cookies. But here’s the specific situation. The cookies have not yet gotten made. Yet, Mary has signed her name on a contract with the baker. Signing the contract means that Mary has agreed to the price of delivery. The signing also means that Mary has agreed to the exact quantity of cookies. This is the case even though the cookies are not yet available to her.

Fast-forward to when the cookies are available. Mary now becomes the owner of the number of cookies that she purchased. So, here’s where the warehouse receipt comes into play. Mary gets provided with a receipt. This replaces the act of having the cookies delivered to her grocery store. The receipt features complete details about the location of the stored cookies. 

Mary now has options thanks to looking at the receipt. She can opt to have as few or many cookies delivered to her store as she would like. Why does Mary have this legal option? It’s all about her receipt listing the goods (cookies). The receipt proves that she has ownership of her goods. This type of receipt process applies to more than grocery store owners. It applies toward many warehouse storage situations. And using a high-quality receipt system is the key.




The Relation of Legal Liability & Warehouse Receipts




Moving companies must pay close attention to their warehouse receipt terms and conditions. Receipt information is as important as the bill of lading terms and conditions. Both of which convey legal liability that applies toward each customer. Plus, a receipt shows the exact level of responsibility that moving companies have. After all, the customer’s goods are in the care of warehouse workers. This means that a carrier has control and custody of all stored items. The amount of control and custody depends on what each receipt displays. This is why every receipt must appear 100 percent accurate.

A contract should feature certain conditions limiting the liability of the moving company. The conditions should state that a contract’s terms adhere to a company’s legal liability. This receipt-related concept also applies to elements of negligence. There are insurance policies that can help protect companies from problems within warehouses. The policies sometimes get called the Warehouseman’s Legal Liability insurance policy. 

The receipt framework helps to move and storage companies stay covered when problems arise. Or, when there is any level of confusion about a receipt. It helps prevent carriers from spending thousands of dollars for a warehouse mistake. A very similar form of legal protection applies toward the bill of lading. Coverage also protects companies when problems happen relating to the bill of lading. Keep in mind how insurance companies determine whether to deny or pay for a claim. It's based on specific legal liability conditions. Those conditions should get written into every moving company’s contract. Also, think of these conditions when crafting a receipt.




Why Should Companies Review Warehouse Receipt Policies & Contracts?


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Contract review matters when it comes to warehouse receipts. Moving company owners are sometimes faced with emergencies. A warehouse manager could call at any moment and state that there’s a big problem. For example, flooding could take place within a company’s warehouse. Once again, this is why moving and storage companies should have quality insurance. It is to protect against emergencies that relate to warehouse receipts. Otherwise, a moving company risks getting its claims denied. Sure, the receipt might already limit the company’s liability. But that’s not enough protection. The next line of defense is contract-review.

Say that your contract features outdated warehouse protections or tariff wording. (Sometimes you have to slow down and go word for word.) This can restrict the coverage of your company in the blink of an eye. That’s why it’s best to ensure that your warehouse insurance policies are up-to-date. Doing so will help prevent coverage from getting restricted. 

There's no way around it. Legal liability can make or break the success of moving and storage companies. Let’s continue the example. Say that your contract mentions flood exemption. But the definition of “flood” is broad and open-ended. Your company’s claim could still get denied. This is why you should turn to a professional service that can help you stay protected. Otherwise, having an open-ended receipt system could come back to haunt you. 



A warehouse receipt’s purpose is to reinforce two key concepts: 

1. A moving and storage company’s level of negligence. 

2. A moving and storage company’s legal liability. 

So, what are you waiting for? Contact our organization today if you need help adjusting your receipt process. Our team of experts will help make sure that you have adequate protection. Next thing you know, your warehouse receipts could improve your company's operations.




Contact Us for More Information About How To Provide Warehouse Receipts




Would you like to learn more free information about how to set up a warehouse receipt system? If so, our experts can share that information with you at any moment. Moving Authority is passionate about helping businesses succeed. Instead of selling or trading our information, we prefer to give it away. Why? Because we know how difficult it is to maintain the financing of any moving company. There’s always an obstacle when it comes to transporting and storing goods. Speaking of storing goods, we’re ready to provide you with more receipt tips. All it takes is one phone call, email, or message. Our team will then help you develop the best receipt system in the industry.

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Customer Reviews

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Lindsey Greer

06/09/2021

Our warehouse receipts needed an update, indeed. Surfing online, I tripped this site from Moving Authority and made the phone call. As soon as they answer my questions, I knew they had the exact expertise I was looking for. The result was superb. I'm glad.

Angel Chase

05/26/2021

Our warehouse receipt is perfect. Our company can be sure our commodities are store correctly. I thank Moving Authority for this excellent product.

Miguel Stanford Jr.

05/13/2021

I did not know the importance of warehouse receipts until I had to negotiate with them. Because of that, I called Moving Authority, and they made sure that the Warehouse Receipts met all the must-have factors. I really appreciate their help.

Lilian Leroy

05/06/2021

How well my negotiable warehouse receipt turned out. I was stuck with the legal aspect, but the experts at Moving Authority made it look so easy. Very nice tool.

Marchall Pinkney

04/15/2021

I needed a brand new warehouse receipt to update the old one. I picked the phone, and the Moving Authority experts gave me all the advice and guidance to get it right. A+++

Donald Campbell

04/02/2021

I was confused about the correct Warehouse receipt types fitting my company. I contacted Moving Authority made the exact warehouse receipt form for my business. I was very well attended. They are very professional.

Korey Stakes

03/08/2021

The Moving Authority crew showed me various Warehouse receipt samples. I chose the right one for my business. Quick and easy.

Dayan Novak

03/01/2021

There are different warehouse receipt types. I checked for various warehouse receipt examples, but I definitely leave it to professionals.

Angel Chase

02/18/2021

For a few bucks, I got this valuable tool. I recommend it.

Tessa M.

10/07/2020

This Product is great would definitely recommend this to my other business friends.

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Did You Know

Question

The trucking industry has made a large historical impact since the early 20th century. It has affected the U.S. both politically as well as economically since the notion has begun. Previous to the invention of automobiles, most freight was moved by train or horse-drawn carriage. Trucks were first exclusively used by the military during World War I.
 
After the war, construction of paved roads increased. As a result, trucking began to achieve significant popularity by the 1930's. Soon after trucking became subject to various government regulation, such as the hours of service. During the later 1950's and 1960's, trucking accelerated due to the construction of the Interstate Highway System. The Interstate Highway System is an extensive network of freeways linking major cities cross country.

Question Alongside the many different trailers provided are motorcycle trailers. They are designed to haul motorcycles behind an automobile or truck. Depending on size and capability, some trailer may be able to carry several motorcycles or perhaps just one. They specifically designed this trailer to meet the needs of motorcyclists. They carry motorcycles, have ramps, and include tie-downs. There may be a utility trailer adapted permanently or occasionally to haul one or more motorcycles.

Question With the partial deregulation of the trucking industry in 1980 by the Motor Carrier Act, trucking companies increased. The workforce was drastically de-unionized. As a result, drivers received a lower pay overall. Losing its spotlight in the popular culture, trucking had become less intimate as some unspoken competition broke out. However, the deregulation only increased the competition and productivity with the trucking industry as a whole. This was beneficial to the America consumer by reducing costs. In 1982 the Surface Transportation Assistance Act established a federal minimum truck weight limits. Thus, trucks were finally standardized truck size and weight limits across the country. This was also put in to place so that across country traffic on the Interstate Highways resolved the issue of the 'barrier states'.

Question “The association of truckers with cowboys and related myths was perhaps most obvious during the urban-cowboy craze of the late 1970s, a period that saw middle-class urbanites wearing cowboy clothing and patronizing simulated cowboy nightclubs. During this time, at least four truck driver movies appeared, CB radio became popular, and truck drivers were prominently featured in all forms of popular media.” — Lawrence J. Ouellet

Question In 1971, author and director Steven Spielberg, debuted his first feature length film. His made-for-tv film, Duel, portrayed a truck driver as an anonymous stalker. Apparently there seems to be a trend in the 70's to negatively stigmatize truck drivers.

Question According to the U.S. Census Bureau, 40 million United States citizens have moved annually over the last decade. Of those people who have moved in the United States, 84.5% of them have moved within their own state, 12.5% have moved to another state, and 2.3% have moved to another country.

Question The American Trucking Associations initiated in 1985 with the intent to improve the industry's image. With public opinion declining the association tried numerous moves. One such move was changing the name of the "National Truck Rodeo" to the "National Driving Championship". This was due to the fact that the word rodeo seemed to imply recklessness and reckless driving.

Question As we know in the trucking industry, some trailers are part of large trucks, which we call semi-trailer trucks for transportation of cargo. Trailers may also be used in a personal manner as well, whether for personal or small business purposes.

Question In some states, a business route is designated by adding the letter "B" after the number instead of placing a "Business" sign above it. For example, Arkansas signs US business route 71 as "US 71B". On some route shields and road signs, the word "business" is shortened to just "BUS". This abbreviation is rare and usually avoided to prevent confusion with bus routes.

Question Within the world of transportation, bypass routes are often very controversial. This is mostly due to the fact that they require the building of a road carrying heavy traffic where no road existed before. This has created conflict among society thus creating a divergence between those in support of bypasses and those who are opposed. Supporters believe they reduce congestion in built up areas. Those in opposition do not believe in developing (often rural) undeveloped land. In addition, the cities that are bypassed may also oppose such a project as reduced traffic may, in turn, reduce and damage business.

Question

In 1938, the now-eliminated Interstate Commerce Commission (ICC) enforced the first Hours of Service (HOS) rules. Drivers became limited to 12 hours of work within a 15-hour period. At this time, work included loading, unloading, driving, handling freight, preparing reports, preparing vehicles for service, or performing any other duty in relation to the transportation of passengers or property.
 
The ICC intended for the 3-hour difference between 12 hours of work and 15 hours on-duty to be used for meals and rest breaks. This meant that the weekly max was limited to 60 hours over 7 days (non-daily drivers), or 70 hours over 8 days (daily drivers). With these rules in place, it allowed 12 hours of work within a 15-hour period, 9 hours of rest, with 3 hours for breaks within a 24-hour day.

Question Advocation for better transportation began historically in the late 1870s of the United States. This is when the Good Roads Movement first occurred, lasting all the way throughout the 1920s. Bicyclist leaders advocated for improved roads. Their acts led to the turning of local agitation into the national political movement it became.

Question Logistics is generally the ability to organize and put in place many complex operations at a single time. It is the management of the flow of things to meet the needs of customers or corporations. Resources managed in logistics includes tangible items such as food, materials, animals, equipment, etc. Not to mention the items that are not tangible such as time and information. This means that the movement of physical items, such as in the moving industry, involves a clear understanding of solid workflow. Such logistics can involve the handling of necessary materials, producing, packaging, inventory, transportation, warehousing, and often security.

Question The Dwight D. Eisenhower National System of Interstate and Defense Highways is most commonly known as the Interstate Highway System, Interstate Freeway System, Interstate System, or simply the Interstate. It is a network of controlled-access highways that forms a part of the National Highway System of the United States. Named after President Dwight D. Eisenhower, who endorsed its formation, the idea was to have portable moving and storage. Construction was authorized by the Federal-Aid Highway Act of 1956. The original portion was completed 35 years later, although some urban routes were canceled and never built. The network has since been extended and, as of 2013, it had a total length of 47,856 miles (77,017 km), making it the world's second longest after China's. As of 2013, about one-quarter of all vehicle miles driven in the country use the Interstate system. In 2006, the cost of construction had been estimated at about $425 billion (equivalent to $511 billion in 2015).

Question

Although there are exceptions, city routes are interestingly most often found in the Midwestern area of the United States. Though they essentially serve the same purpose as business routes, they are different. They feature "CITY" signs as opposed to "BUSINESS" signs above or below route shields. Many of these city routes are becoming irrelevant for today's transportation. Due to this, they are being eliminated in favor of the business route designation.

Question In 1984 the animated TV series The Transformers told the story of a group of extraterrestrial humanoid robots. However, it just so happens that they disguise themselves as automobiles. Their leader of the Autobots clan, Optimus Prime, is depicted as an awesome semi-truck.

Question

The year of 1977 marked the release of the infamous Smokey and the Bandit. It went on to be the third highest grossing film that year, following tough competitors like Star Wars and Close Encounters of the Third Kind. Burt Reynolds plays the protagonist, or "The Bandit", who escorts "The Snowman" in order to deliver bootleg beer. Reynolds once stated he envisioned trucking as a "hedonistic joyride entirely devoid from economic reality"
 
Another action film in 1977 also focused on truck drivers, as was the trend it seems. Breaker! Breaker! starring infamous Chuck Norris also focused on truck drivers. They were also displaying movie posters with the catch phrase "... he's got a CB radio and a hundred friends who just might get mad!"

Question There are various versions of a moving scam, but it basically begins with a prospective client. Then the client starts to contact a moving company to request a cost estimate. In today's market, unfortunately, this often happens online or via phone calls. So essentially a customer is contacting them for a quote when the moving company may not have a license. These moving sales people are salesman prone to quoting sometimes low. Even though usually reasonable prices with no room for the movers to provide a quality service if it is a broker.