§7-202. Form of warehouse receipt; effect of omission

Link to law: http://legislature.vermont.gov/statutes/section/09A/007/00202
Published: 2015

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The Vermont Statutes Online



Title

09A

:
Uniform Commercial Code






Chapter

007

:
Documents of Title











 

§

7-202. Form of warehouse receipt; effect of omission

(a) A warehouse

receipt need not be in any particular form.

(b) Unless a

warehouse receipt provides for each of the following, the warehouse is liable

for damages caused to a person injured by its omission:

(1) a statement

of the location of the warehouse facility where the goods are stored;

(2) the date of

issue of the receipt;

(3) the unique

identification code of the receipt;

(4) a statement

whether the goods received will be delivered to the bearer, to a named person,

or to a named person or its order;

(5) the rate of

storage and handling charges, unless goods are stored under a field warehousing

arrangement, in which case a statement of that fact is sufficient on a

nonnegotiable receipt;

(6) a description

of the goods or the packages containing them;

(7) the

signature of the warehouse or its agent;

(8) if the

receipt is issued for goods that the warehouse owns, either solely, jointly, or

in common with others, a statement of the fact of that ownership; and

(9) a statement

of the amount of advances made and of liabilities incurred for which the

warehouse claims a lien or security interest, unless the precise amount of

advances made or liabilities incurred, at the time of the issue of the receipt,

is unknown to the warehouse or to its agent that issued the receipt, in which

case a statement of the fact that advances have been made or liabilities

incurred and the purpose of the advances or liabilities is sufficient.

(c) A warehouse

may insert in its receipt any terms that are not contrary to this title and do

not impair its obligation of delivery under section 7-403 of this title or its

duty of care under section 7-204 of this title. Any contrary provision is

ineffective. (Added 2015, No. 51, § B.3, eff. June 3, 2015.)
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