General Form of Warehouse Storage Agreement
Storage Agreement made the day of , 20 ,
between , a corporation organized and
(Name of Warehouse Company)
existing under the laws of , with its principal office located at
(Name of State)
, (the Warehouseman), and
(Street Address, City, County, State, Zip Code)
, a corporation organized and existing under the
(Name of Depositor)
laws of the state of , with its principal office located at
(Name of State)
, referred to herein as the Depositor.
(Street Address, City, County, State, Zip Code)
For and in consideration of the mutual covenants contained in this Agreement, and other good
and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the
parties agree as follows:
I. Rates for Storage and Handling. Depositor engages Warehouseman to perform, and
Warehouseman agrees to perform, storage and handling of the following merchandise (the
goods ), at the following rates, as required by Depositor in the course of its business during the
term of this Agreement:
Goods Type of Container Size Gross Weight Storage Rate Handling In &
Per Month Out
Rate
II. Term of Agreement. This Agreement shall be operative for a period of months,
(Number)
commencing , and ending .
(Date) (Date)
III. Storage of Goods.
A. All charges for storage are per and
(Package) (Type of Unit)
General Form of Warehouse Storage Agreement Page 1 of 6
per month.
B. Storage charges become applicable on the date that Warehouseman accepts care,
custody, and control of goods, regardless of the unloading date or the date of issue of any
Warehouse receipt.
C. Except as provided in Paragraph D of this Section, a full month's storage charge
shall apply on all goods received between the first and the fifteenth, inclusive, of a
calendar month; one-half month's storage charge shall apply on all goods received
between the sixteenth and last day, inclusive, of a calendar month; and a full month's
storage charge shall apply to all goods in storage on the first day of the next and
succeeding calendar months. All such storage charges are due and payable on the first
day of storage for the initial month and subsequently on the first day of the calendar
month.
D. When mutually agreed on by Warehouseman and Depositor, a storage month shall
extend from a date in one calendar month to, but not including, the same date of the next
and all succeeding months. All storage charges are due and payable on the first day of the
storage month.
IV. Handling of Goods.
A. The handling rates set forth in Section I cover the ordinary labor involved in
receiving goods at the Warehouse door, placing goods in storage, and returning goods to
the Warehouse door. Handling charges are due and payable on receipt of goods.
B. Unless otherwise agreed, the following services shall be subject to an additional
charge:
1. Labor for unloading and loading goods.
2. Receipt and handling of damaged goods.
3. Unloading from or loading into cars or other vehicles not at the
Warehouse door.
4. Labor and materials used in loading rail cars or other vehicles.
5. Handling of goods ordered out in quantities less than in which received.
C. Warehouseman shall not be liable for demurrage, delays in unloading inbound
cars, or delays in obtaining and loading cars for outbound shipment unless
Warehouseman has failed to exercise reasonable care.
V. Special Services. Special services, including but not limited to the
following, shall be provided by Warehouseman to Depositor subject to additional charge:
A. Warehouse labor required for services other than ordinary handling and storage.
General Form of Warehouse Storage Agreement Page 2 of 6
B. Receipt or delivery of goods, by prior arrangement, in other than usual business
hours.
C. Provision of dunnage, bracing, packing materials, or other special supplies.
D. Communication services, including postage, fax, teletype, telegram, or telephone,
if the services concern more than normal inventory reporting or if, at the request of
Depositor, communications are made by other than regular United States mail.
E. Compiling of special stock statements.
F. Reporting marked weights, serial numbers, or other data from packages.
G. Physical check of goods.
H. Handling transit billing.
VI. Bonded Storage. Storage of merchandise in bond shall be subject to a charge in addition
to regular rates.
VII. Minimum Charges. Minimum charges shall be assessed as follows:
A. A minimum storage charge per month.
B. A minimum handling charge per lot.
C. A minimum monthly charge for each account if Depositor has several accounts,
each requiring separate records and billing.
D. A minimum charge per mark, brand, or variety, when a Warehouse receipt covers
more than one lot or when a lot is in assortment.
VIII. Tender for Storage. All goods for storage shall be delivered at
Warehouseman's Warehouse at , properly
(Street Address, City, County, State, Zip Code)
marked and packaged for handling. Depositor shall furnish at or prior to such delivery a manifest
showing marks, brands, or sizes to be kept and accounted for separately, and the class of storage
and other services desired.
IX. Shipping of Goods. Depositor agrees not to ship goods to Warehouseman as the named
consignee. If, in violation of this Agreement, goods are shipped to Warehouseman as named
consignee, Depositor shall notify the carrier of goods in writing prior to the shipment, with a
copy of the notice sent to Warehouseman, that Warehouseman is a Warehouseman and has no
beneficial title or interest in goods. Further, Depositor shall indemnify Warehouseman against
any and all claims for unpaid transportation charges, including under charges, demurrage,
detention charges, or charges of any other nature, in connection with goods so shipped. If
General Form of Warehouse Storage Agreement Page 3 of 6
Depositor fails to notify the carrier in accordance with this provision, Warehouseman shall have
the right to refuse goods and shall not be liable or responsible for any loss, injury, or damage to
goods.
X. Refusal of Goods. Warehouseman may refuse to accept goods tendered for storage or
other services that do not conform to the description contained in this Agreement. If
Warehouseman accepts such goods, Depositor agrees to rates and charges as may be assessed
and invoiced by Warehouseman as well as to all terms of this Agreement.
XI. Moving of Goods.
A. Warehouseman reserves the right to move, at Warehouseman's expense,
days after notice sent by mail to Depositor or to the
(Number) (Registered or Certified)
last known holder of a negotiable Warehouse receipt covering such goods, any goods in
storage from the Warehouse in which they may be stored to any other of Warehouseman's
Warehouses. If, however, Depositor or holder takes delivery of the goods in lieu of
transfer, no storage charge shall be made for the current storage month.
B. Warehouseman may, without notice, move goods within the Warehouse in which
they are stored.
XII. Termination of Storage.
A. On written notice to Depositor and to any other person known by Warehouseman
to claim an interest in goods, Warehouseman may require the removal of any goods by
the end of the next succeeding storage month. Notice shall be given to the last known
place of business or residence of the person to be notified. If goods are not removed
before the end of the next succeeding storage month, Warehouseman may sell them in
accordance with applicable law.
B. If Warehouseman, in good faith, believes that goods are about to deteriorate or
decline in value to less than the amount of Warehouseman's lien before the end of the
next succeeding storage month, Warehouseman may specify in the notification any
reasonable shorter time for removal of goods. If goods are not so removed,
Warehouseman may sell goods at public sale held days after advertisement or
(Number)
posting as is required by law.
C. If, as a result of a quality or condition of goods of which Warehouseman had no
notice at the time of deposit, goods are a hazard to other property, to the Warehouse in
which goods are stored, or to any person, Warehouseman may sell goods at public or
private sale without advertisement on reasonable notification to all persons known to
claim an interest in goods. If Warehouseman, after a reasonable effort, is unable to sell
goods, Warehouseman may dispose of goods in any lawful manner and shall incur no
liability by reason of such disposition.
General Form of Warehouse Storage Agreement Page 4 of 6
XIII. Transfer by Depositor. Instructions by Depositor to Warehouseman to transfer goods on
the books of Warehouseman are not effective until delivered to and accepted by Warehouseman,
and all charges up to the time transfer is made are chargeable to Depositor. If a transfer involves
rehandling goods, such rehandling shall be subject to a charge.
XIV. Delivery of Goods.
A. Goods shall be delivered or transferred only on receipt by Warehouseman of
complete instructions properly signed by Depositor. When no negotiable Warehouse
Receipt is outstanding, goods may also be delivered on instructions over the telephone in
accordance with a prior written authorization, but Warehouseman shall not be responsible
for loss or error occasioned by such delivery.
B. When goods are ordered out, a reasonable time shall be given Warehouseman to
carry out instructions. If Warehouseman is unable because of acts of God, war, public
enemies, seizure under legal process, strikes, lockouts, riots, or any other reason beyond
Warehouseman's control, because of loss or destruction of goods for which
Warehouseman is not liable, or because of any other excuse provided by law,
Warehouseman shall not be liable for failure to carry out such instructions, and goods
remaining in storage shall continue to be subject to regular storage charges.
C. If a negotiable Warehouse receipt has been issued, no goods covered by that
receipt shall be delivered, or transferred on the books of Warehouseman, unless the
receipt, properly endorsed, is surrendered for cancellation or for endorsement of partial
delivery. If a negotiable receipt is lost or destroyed, delivery of goods may be made only
on order of a court of competent jurisdiction and the posting of security approved by the
court.
XV. Liability of Warehouseman
A. WAREHOUSEMAN SHALL NOT BE LIABLE FOR ANY LOSS OR
INJURY TO GOODS HOWEVER CAUSED UNLESS THE LOSS OR
INJURY RESULTS FROM FAILURE BY WAREHOUSEMAN TO
EXERCISE SUCH CARE IN REGARD TO GOODS AS A REASONABLY
CAREFUL PERSON WOULD EXERCISE UNDER LIKE
CIRCUMSTANCES, AND WAREHOUSEMAN IS NOT LIABLE FOR
DAMAGES THAT COULD NOT HAVE BEEN AVOIDED BY THE
EXERCISE OF SUCH CARE.
B. GOODS ARE NOT INSURED BY WAREHOUSEMAN AGAINST LOSS
OR INJURY HOWEVER CAUSED.
C. DEPOSITOR DECLARES THAT DAMAGES ARE LIMITED TO
$ . (DOLLAR AMOUNT OF LIMIT OF LIABILITY) .
XVI. Notice of Claim; Filing of Suit.
A. Claims by Depositor and all other persons must be presented in writing to
Warehouseman within a reasonable time, and in no event later than either days
(Number)
General Form of Warehouse Storage Agreement Page 5 of 6
after delivery of goods by Warehouseman or days after Depositor or the last
(Number)
known holder of a Negotiable Warehouse receipt issued for goods is notified by
Warehouseman that loss or injury to all or any part of goods has occurred, whichever
time is shorter.
B. No action may be maintained by Depositor or others against Warehouseman for
loss or injury to goods unless timely written claim has been given as provided in
Paragraph A of this Section and unless such action is commenced either within
(Number)
months after the date of delivery by Warehouseman or within months after
(Number)
Depositor or the last known holder of a Negotiable Warehouse receipt is notified that loss
or injury to all or any part of goods has occurred, whichever time is shorter.
C. When goods have not been delivered, notice may be given of known loss or injury
to goods by mailing of a letter by registered or certified mail to Depositor or to the last
known holder of a Negotiable Warehouse receipt issued for goods.
XVII. Cancellation of Agreement. This Agreement may be canceled by either Warehouseman
or Depositor on days' written notice and is canceled if no storage or other services are
(Number)
performed under this Agreement for a period of consecutive days.
(Number)
XVIII. Effect of Agreement. The rights and liabilities set forth in this Agreement shall inure to
the benefit of, and be binding on, Warehouseman and Depositor and their respective heirs,
executors, administrators, successors, and assigns.
WITNESS our signatures as of the day and date first above stated.
(Name of Warehouse Company) (Name of Depositor )
By: By:
(Signature of Officer) (Signature of Officer)
(P rinted Name & Office in Corporation) (P rinted Name & Office in Corporation)
General Form of Warehouse Storage Agreement Page 6 of 6