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This entry was published on 2014-12-26
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SECTION 7-202
Form of Warehouse Receipt; Effect of Omission
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 7, PART 2
Section 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 Act and do not impair its obligation of delivery under
Section 7--403 or its duty of care under Section 7--204. Any contrary
provision is ineffective.