Oregon Warehouse Receipt for Grain

• Category: Small Business - Accounting and Finance - Receipts
• State: Multi-State
• Control #: US-0089BG
• Format: Word; Rich Text

Description

A warehouse receipt is a document that provides proof of ownership of commodities (e.g., bars of copper) that are stored in a warehouse, vault, or depository for safekeeping. Warehouse receipts may be negotiable or non-negotiable. Negotiable warehouse receipts allow transfer of ownership of that commodity without having to deliver the physical commodity. Most warehouse receipts are issued in negotiable form, making them eligible as collateral for loans. Non-negotiable receipts must be endorsed upon transfer. In the United States, warehouse receipts are generally regulated by Article 7 of the Uniform Commercial Code as adopted by the various jurisdictions. The Oregon Warehouse Receipt for Grain is a legal document used in the state of Oregon to provide proof of ownership and storage for agricultural commodities, particularly grains. It serves as a vital tool for farmers, grain handlers, suppliers, and other stakeholders in the grain industry. The Oregon Warehouse Receipt for Grain is issued by licensed grain warehouses in compliance with the regulations set forth by the Oregon Department of Agriculture. It helps facilitate the buying, selling, financing, and storing of grain, ensuring transparency, accountability, and security throughout the process. Key components of the Oregon Warehouse Receipt for Grain include: 1. Warehouse information: The receipt includes the name, address, and license number of the grain warehouse facility issuing the receipt. This information helps identify the specific storage location and provides contact details for further inquiries. 2. Grain description: Detailed information about the grain is provided, including type (wheat, corn, barley, etc.), grade (determined through quality analysis), quantity (bushels, tons), and any additional characteristics relevant to the particular grain. 3. Warehouse receipt number: Each receipt is assigned a unique identification number, allowing easy tracking and retrieval of information when required. 4. Date of issue: The receipt includes the date when it is issued, indicating the point in time when ownership is transferred or established. 5. Owner information: The name, address, and other contact details of the grain owner or depositor are specified. 6. Warehouseman's signature: The authorized representative of the grain warehouse signs the receipt, validating its authenticity. Types of Oregon Warehouse Receipts for Grain: 1. Deposit Receipt: This type of receipt is issued when a grain producer or owner delivers their commodity to a licensed grain warehouse for storage purposes. The receipt confirms the deposit and certifies the quantity and quality of the grain stored. 2. Negotiable Warehouse Receipt: This receipt type functions as a negotiable instrument, allowing the transfer of ownership of grain without physical movement. It enables the owner of the receipt to sell, pledge, or use it as collateral for financial purposes while the grain remains stored in the warehouse. 3. Non-Negotiable Warehouse Receipt: Unlike the negotiable receipt, the non-negotiable warehouse receipt specifies the owner's name and restricts transfer or traceability. It is commonly used when the grain owner does not intend to sell or transfer ownership rights. In summary, the Oregon Warehouse Receipt for Grain is a crucial legal instrument that establishes ownership, quality, and storage details for agricultural commodities. Its various types cater to different purposes, promoting efficiency, transparency, and trust in the grain industry. Compliance with the regulations set by the Oregon Department of Agriculture ensures the reliability and integrity of these receipts.

The Oregon Warehouse Receipt for Grain is a legal document used in the state of Oregon to provide proof of ownership and storage for agricultural commodities, particularly grains. It serves as a vital tool for farmers, grain handlers, suppliers, and other stakeholders in the grain industry. The Oregon Warehouse Receipt for Grain is issued by licensed grain warehouses in compliance with the regulations set forth by the Oregon Department of Agriculture. It helps facilitate the buying, selling, financing, and storing of grain, ensuring transparency, accountability, and security throughout the process. Key components of the Oregon Warehouse Receipt for Grain include: 1. Warehouse information: The receipt includes the name, address, and license number of the grain warehouse facility issuing the receipt. This information helps identify the specific storage location and provides contact details for further inquiries. 2. Grain description: Detailed information about the grain is provided, including type (wheat, corn, barley, etc.), grade (determined through quality analysis), quantity (bushels, tons), and any additional characteristics relevant to the particular grain. 3. Warehouse receipt number: Each receipt is assigned a unique identification number, allowing easy tracking and retrieval of information when required. 4. Date of issue: The receipt includes the date when it is issued, indicating the point in time when ownership is transferred or established. 5. Owner information: The name, address, and other contact details of the grain owner or depositor are specified. 6. Warehouseman's signature: The authorized representative of the grain warehouse signs the receipt, validating its authenticity. Types of Oregon Warehouse Receipts for Grain: 1. Deposit Receipt: This type of receipt is issued when a grain producer or owner delivers their commodity to a licensed grain warehouse for storage purposes. The receipt confirms the deposit and certifies the quantity and quality of the grain stored. 2. Negotiable Warehouse Receipt: This receipt type functions as a negotiable instrument, allowing the transfer of ownership of grain without physical movement. It enables the owner of the receipt to sell, pledge, or use it as collateral for financial purposes while the grain remains stored in the warehouse. 3. Non-Negotiable Warehouse Receipt: Unlike the negotiable receipt, the non-negotiable warehouse receipt specifies the owner's name and restricts transfer or traceability. It is commonly used when the grain owner does not intend to sell or transfer ownership rights. In summary, the Oregon Warehouse Receipt for Grain is a crucial legal instrument that establishes ownership, quality, and storage details for agricultural commodities. Its various types cater to different purposes, promoting efficiency, transparency, and trust in the grain industry. Compliance with the regulations set by the Oregon Department of Agriculture ensures the reliability and integrity of these receipts.