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What is Warehouse Receipt?

A warehouse receipt is a receipt of commodities deposited in a warehouse, identifying the commodities. It is non-negotiable if permitting delivery only to a specified person or firm, but it is negotiable if made out to the order of a person or firm or to a bearer.

Endorsement (without endorsement if made out to bearer) and delivery of a negotiable warehouse receipt serves to transfer the property covered by the receipt. Warehouse receipts are common documents in international banking.

最後更新:2017-05-22 21:32:22

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