Oregon Warehouse Receipt for Cotton

• Category: Contracts - Storage
• State: Multi-State
• Control #: US-0079BG
• Format: Word; Rich Text

Description

A warehouse receipt is a document showing that title to goods is stored with someone else. It is a receipt issued by a person engaged in the business of storing goods for a fee. Generally, a warehouse receipt is considered a document of title. A negotiable instrument can also be taken as a warehouse receipt and is often used for financing with inventory as security. Oregon Warehouse Receipt for Cotton is a legal document that serves as evidence of ownership for cotton stored in a warehouse in the state of Oregon. This receipt is typically issued by a licensed warehouse facility and contains various details related to the cotton, its storage, and the parties involved. The Oregon Warehouse Receipt for Cotton primarily includes the following key information: 1. Warehouse Information: This section identifies the name, address, contact details, and license number of the warehouse facility responsible for storing the cotton. 2. Receipt Number: Each receipt is assigned a unique identification or receipt number to facilitate easy tracking and referencing of the stored cotton. 3. Date of Issue: The specific date when the receipt is issued, indicating the start of the storage period. 4. Commodity Description: This section provides a detailed description of the cotton, specifying its classification, grade, quality, quantity, and any distinguishing characteristics. 5. Storage Information: It outlines the specific storage location within the warehouse where the cotton is stored, including the bale number, warehouse bay, or other suitable identification. 6. Ownership and Pledge Lines: The receipt clearly states the name and address of the depositor or owner of the cotton. If the cotton is pledged as collateral, this section mentions the name and address of the pledge as well. 7. Warehouseman's Signature: The authorized representative of the warehouse facility signs the document, certifying the receipt and acknowledging the responsibility for the proper storage of the cotton. 8. Terms and Conditions: The Oregon Warehouse Receipt for Cotton typically includes a section that outlines the terms and conditions relating to storage, insurance, liability, fees, duration of storage, and other relevant provisions. Different types of Oregon Warehouse Receipts for Cotton may exist based on specific requirements or variations in storage agreements. Some common types include: 1. General Receipt: This is the standard type of receipt issued for cotton stored in a warehouse facility, encompassing all the essential information mentioned earlier. 2. Pledge Receipt: A pledge receipt is issued when the cotton's ownership is transferred to another party as collateral for a loan or credit. It includes additional information regarding the pledge and conditions of the pledge. 3. Forward Receipt: In cases where the cotton is intended for future delivery or sale, a forward receipt is issued. It may include specific terms related to delivery dates, grades, and other trading-related conditions. 4. Split Receipt: If the stored cotton is divided into multiple lots or parcels, a split receipt is issued, clearly stating the quantity and identification details for each lot. 5. Sampling Receipt: Sometimes, a sampling receipt may be issued when a small portion of the cotton is taken for testing or grading purposes. It mentions the quantity sampled and may include the test results. The Oregon Warehouse Receipt for Cotton serves as both proof of ownership and a negotiable instrument that can be transferred or used as collateral. It provides confidence and security to the cotton owners, lenders, and other parties involved in the cotton trade.

Oregon Warehouse Receipt for Cotton is a legal document that serves as evidence of ownership for cotton stored in a warehouse in the state of Oregon. This receipt is typically issued by a licensed warehouse facility and contains various details related to the cotton, its storage, and the parties involved. The Oregon Warehouse Receipt for Cotton primarily includes the following key information: 1. Warehouse Information: This section identifies the name, address, contact details, and license number of the warehouse facility responsible for storing the cotton. 2. Receipt Number: Each receipt is assigned a unique identification or receipt number to facilitate easy tracking and referencing of the stored cotton. 3. Date of Issue: The specific date when the receipt is issued, indicating the start of the storage period. 4. Commodity Description: This section provides a detailed description of the cotton, specifying its classification, grade, quality, quantity, and any distinguishing characteristics. 5. Storage Information: It outlines the specific storage location within the warehouse where the cotton is stored, including the bale number, warehouse bay, or other suitable identification. 6. Ownership and Pledge Lines: The receipt clearly states the name and address of the depositor or owner of the cotton. If the cotton is pledged as collateral, this section mentions the name and address of the pledge as well. 7. Warehouseman's Signature: The authorized representative of the warehouse facility signs the document, certifying the receipt and acknowledging the responsibility for the proper storage of the cotton. 8. Terms and Conditions: The Oregon Warehouse Receipt for Cotton typically includes a section that outlines the terms and conditions relating to storage, insurance, liability, fees, duration of storage, and other relevant provisions. Different types of Oregon Warehouse Receipts for Cotton may exist based on specific requirements or variations in storage agreements. Some common types include: 1. General Receipt: This is the standard type of receipt issued for cotton stored in a warehouse facility, encompassing all the essential information mentioned earlier. 2. Pledge Receipt: A pledge receipt is issued when the cotton's ownership is transferred to another party as collateral for a loan or credit. It includes additional information regarding the pledge and conditions of the pledge. 3. Forward Receipt: In cases where the cotton is intended for future delivery or sale, a forward receipt is issued. It may include specific terms related to delivery dates, grades, and other trading-related conditions. 4. Split Receipt: If the stored cotton is divided into multiple lots or parcels, a split receipt is issued, clearly stating the quantity and identification details for each lot. 5. Sampling Receipt: Sometimes, a sampling receipt may be issued when a small portion of the cotton is taken for testing or grading purposes. It mentions the quantity sampled and may include the test results. The Oregon Warehouse Receipt for Cotton serves as both proof of ownership and a negotiable instrument that can be transferred or used as collateral. It provides confidence and security to the cotton owners, lenders, and other parties involved in the cotton trade.