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 Definition of Warehousing certificate - Finance dictionary
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Warehousing certificate ((See Chapter 22 of the Vernimmen))
Document produced by a Party A warehousing physical goods or commodities on behalf of a Party B. A warehousing certificate can be used by Party B in the context of obtaining inventory (secured) financing from a Party C (generally a bank). In that case, the warehousing certificate will often explicitly state that the goods / commodities stored won't be released by Party A without it having first received Party B's written approval.
Warehousing certificate ((See Chapter 22 of the Vernimmen))
Document produced by a Party A warehousing physical goods or commodities on behalf of a Party B. A warehousing certificate can be used by Party B in the context of obtaining inventory (secured) financing from a Party C (generally a bank). In that case, the warehousing certificate will often explicitly state that the goods / commodities stored won't be released by Party A without it having first received Party B's written approval.
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Definitions of terms begining
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Warehousing certificate ((See Chapter 22 of the Vernimmen))
Document produced by a Party A warehousing physical goods or commodities on behalf of a Party B. A warehousing certificate can be used by Party B in the context of obtaining inventory (secured) financing from a Party C (generally a bank). In that case, the warehousing certificate will often explicitly state that the goods / commodities stored won't be released by Party A without it having first received Party B's written approval.
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