8.7-202 - Form of warehouse receipt; essential terms; optional terms.
§ 8.7-202. Form of warehouse receipt; essential terms; optional terms.
(1) A warehouse receipt need not be in any particular form.
(2) Unless a warehouse receipt provides for each of the following, thewarehouseman is liable for damages caused by the omission to a person injuredthereby:
(a) the location of the warehouse where the goods are stored;
(b) the date of issue of the receipt;
(c) the consecutive number of the receipt;
(d) a statement whether the goods received will be delivered to the bearer,to a specified person, or to a specified person or his order;
(e) the rate of storage and handling charges, except that where goods arestored under a field warehousing arrangement a statement of that fact issufficient on a nonnegotiable receipt;
(f) a description of the goods or of the packages containing them;
(g) the signature of the warehouseman, which may be made by his authorizedagent;
(h) if the receipt is issued for goods of which the warehouseman is owner,either solely or jointly or in common with others, the fact of suchownership; and
(i) a statement of the amount of advances made and of liabilities incurredfor which the warehouseman claims a lien or security interest (§ 8.7-209). Ifthe precise amount of such advances made or of such liabilities incurred is,at the time of the issue of the receipt, unknown to the warehouseman or tohis agent who issued the receipt, a statement of the fact that advances havebeen made or liabilities incurred and the purpose thereof is sufficient.
(3) A warehouseman may insert in his receipt any other terms that are notcontrary to the provisions of this act and do not impair his obligation ofdelivery (§ 8.7-403) or his duty of care (§ 8.7-204). Any contrary provisionsshall be ineffective.
(Code 1950, § 61-5; 1964, c. 219; 2004, c. 200.)