Property Law

M. Haikal Molina 2206044425

Vytto Romero 2206044570
Fransisko Saverio S. A. 2206044305
 OUTLINE
1. What is a warehouse receipt? Do you know if a warehouse receipt security?

2. What is the use of a warehouse receipt? Can a warehouse receipt be an object of collateral?

3. What object can be the object of a warehouse receipt system ?

4. the parties in the warehouse receipt and their roles!

5. What is the process for issuing warehouse receipts?

WHAT IS A WAREHOUSE
RECEIPT? IS A
WAREHOUSE RECEIPT
SECURITY?
Warehouse Receipt is a document proving ownership of goods stored in
the Warehouse issued by the Warehouse Manager, warehouse receipt
must be included when drafting a short (sell) commodities futures
contract. Therefore, the receipt provides security to the organization that
takes the long position (also known as purchase position)
WHAT IS THE USE OF A
WAREHOUSE RECEIPT? CAN A
WAREHOUSE RECEIPT BE AN
OBJECT OF COLLATERAL?
Warehouse receipts are implemented as part of the operational
process when a tangible commodity is utilized as collateral for a
futures transaction. According to article 4 paragraph (2) in law No.
9 year 2009 regarding warehouse receipt system state that
“Warehouse receipts as documents of ownership can be used as full
collateral for debt without any other collateral being required.” so
the warehouse receipt can be an object of collateral
WHAT OBJECT CAN BE THE
OBJECT OF A WAREHOUSE
RECEIPT SYSTEM ?
1. Movable objects that can be stored in
certain period of time and can be traded publicly
2. Has a minimum shelf life of 3 months
3. Meet quality standards
4. There is a minimum number of items stored.
The parties in the
warehouse receipt and
their roles!
1. Debtor: Store goods in a warehouse managed by the Warehouse Manager
2. Creditor : lend money to debtors whom the Warehouse Manager and
Warehouse Receipt Registration Center has verified
3. Warehouse Manager: Register goods at the Warehouse Receipt
Registration Center, issue Warehouse Receipt, and hand it over to the
Debtor.
4. Warehouse Receipt Registration Center: Make recordings in the Register
of Encumbrances of Warehouse Receipts
 The process for issuing warehouse receipts
1. The debtor stores goods in a warehouse managed by the
Warehouse Manager
2. Warehouse Manager registers goods at the Warehouse Receipt
Registration Center, issues a Warehouse Receipt, and submits it
to the Debtor.
3. Debtors borrow money from Creditors with verification from
the Warehouse Manager and Warehouse Receipt Registration
Center
4. The Warehouse Receipt Registration Center records in the
Register Book of Encumbrances of Warehouse Receipts
5. Confirmation with Creditors.