Harris Texas Warehouse Receipt for Grain

• Category: Small Business - Accounting and Finance - Receipts
• State: Multi-State
• County: Harris
• 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. Harris Texas Warehouse Receipt for Grain is an important document within the agricultural industry that serves as proof of ownership and storage of grains in Harris County, Texas. It plays a crucial role in facilitating the trade and financing of grain commodities. The receipt provides detailed information on the quantity, quality, and condition of the stored grains, allowing for easy transfer of ownership and ensuring trust between buyers, sellers, and financial institutions. Key elements included in a Harris Texas Warehouse Receipt for Grain: 1. Warehouse Information: The receipt begins with the name, address, and contact details of the specific warehouse facility where the grain is stored. Each warehouse is assigned a unique identification code for identification purposes. 2. Warehouse Operator: The document also specifies the name and contact details of the warehouse operator responsible for the storage and maintenance of the grain. 3. Grain Details: The receipt specifies the type of grain stored, such as wheat, corn, rice, or soybeans. It may include additional details like the grain variety, class, or grade. These specifics help in ensuring transparency and accurate assessment of the grain's value. 4. Quantity and Unit of Measurement: The receipt provides precise information about the quantity of grain being stored. It mentions the volume or weight of the grain expressed in a specific unit of measurement, such as bushels, pounds, or metric tons. 5. Inspection and Grading: The document outlines any inspection or grading procedures followed by experienced professionals to assess the quality, condition, and compliance with relevant standards of the stored grain. This information is crucial for buyers and financiers to assess the risk associated with the commodity. 6. Storage Date and Period: The receipt indicates the date when the grain was initially stored in the warehouse. It also states the expected storage period, which can be revised if needed. This information allows interested parties to track the duration of storage and regulate the access or movement of the grain. 7. Ownership Transfer: The document includes a section specifying the conditions and processes required for the transfer of ownership of the stored grain. It outlines the rights and obligations of the parties involved, including the warehouse operator, current owner, and prospective buyer. Different types of Harris Texas Warehouse Receipt for Grain may include variations, such as: 1. Straight Warehouse Receipt: This type of receipt represents ownership of the grain and allows for immediate transfer to another party without any additional conditions or requirements. 2. Negotiable Warehouse Receipt: This receipt enables the holder to negotiate or transfer ownership of the grain to others by endorsing the document without the need for physical delivery of the commodity. 3. Non-Negotiable Warehouse Receipt: Unlike the negotiable type, this receipt restricts the transfer of ownership to only specified parties mentioned on the document. It requires both physical delivery of the grain and endorsement of the receipt for ownership transfer. In conclusion, the Harris Texas Warehouse Receipt for Grain is a comprehensive record that provides essential details regarding grain storage, quality, and ownership. It not only enables efficient trade and financing within the agricultural sector but also ensures transparency and integrity in the grain supply chain.

Harris Texas Warehouse Receipt for Grain is an important document within the agricultural industry that serves as proof of ownership and storage of grains in Harris County, Texas. It plays a crucial role in facilitating the trade and financing of grain commodities. The receipt provides detailed information on the quantity, quality, and condition of the stored grains, allowing for easy transfer of ownership and ensuring trust between buyers, sellers, and financial institutions. Key elements included in a Harris Texas Warehouse Receipt for Grain: 1. Warehouse Information: The receipt begins with the name, address, and contact details of the specific warehouse facility where the grain is stored. Each warehouse is assigned a unique identification code for identification purposes. 2. Warehouse Operator: The document also specifies the name and contact details of the warehouse operator responsible for the storage and maintenance of the grain. 3. Grain Details: The receipt specifies the type of grain stored, such as wheat, corn, rice, or soybeans. It may include additional details like the grain variety, class, or grade. These specifics help in ensuring transparency and accurate assessment of the grain's value. 4. Quantity and Unit of Measurement: The receipt provides precise information about the quantity of grain being stored. It mentions the volume or weight of the grain expressed in a specific unit of measurement, such as bushels, pounds, or metric tons. 5. Inspection and Grading: The document outlines any inspection or grading procedures followed by experienced professionals to assess the quality, condition, and compliance with relevant standards of the stored grain. This information is crucial for buyers and financiers to assess the risk associated with the commodity. 6. Storage Date and Period: The receipt indicates the date when the grain was initially stored in the warehouse. It also states the expected storage period, which can be revised if needed. This information allows interested parties to track the duration of storage and regulate the access or movement of the grain. 7. Ownership Transfer: The document includes a section specifying the conditions and processes required for the transfer of ownership of the stored grain. It outlines the rights and obligations of the parties involved, including the warehouse operator, current owner, and prospective buyer. Different types of Harris Texas Warehouse Receipt for Grain may include variations, such as: 1. Straight Warehouse Receipt: This type of receipt represents ownership of the grain and allows for immediate transfer to another party without any additional conditions or requirements. 2. Negotiable Warehouse Receipt: This receipt enables the holder to negotiate or transfer ownership of the grain to others by endorsing the document without the need for physical delivery of the commodity. 3. Non-Negotiable Warehouse Receipt: Unlike the negotiable type, this receipt restricts the transfer of ownership to only specified parties mentioned on the document. It requires both physical delivery of the grain and endorsement of the receipt for ownership transfer. In conclusion, the Harris Texas Warehouse Receipt for Grain is a comprehensive record that provides essential details regarding grain storage, quality, and ownership. It not only enables efficient trade and financing within the agricultural sector but also ensures transparency and integrity in the grain supply chain.