A warehouse receipt is a document issued by a warehouse listing goods received for storage. It is a key document used in logistics and supply chain operations because it serves as evidence of the commodities’ storage and as a document of title that can be transferred by endorsement or delivery. Key points include:

Negotiability: Some warehouse receipts are negotiable, meaning they can be transferred to another party, who then has the title to the goods.
Legal Evidence: It provides legal evidence of the possession of goods, which is crucial in disputes, insurance, and financing scenarios.
Security for Loans: Warehouse receipts are often used to secure bank loans, under the arrangement that the receipt is held as collateral against the loan.

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