What is a Warehouse Receipt?

A warehouse receipt is a document that serves as proof of ownership of goods held in a warehouse. It contains a description of the goods, their quantity, and other relevant information. The warehouse keeper issues the receipt to the owner of the goods, and it can be used as collateral for a loan or as evidence of ownership in a legal dispute.

Warehouse receipts are commonly used in logistics and supply chain management to keep track of inventory and facilitate the movement of goods between parties. They provide transparency and accountability in storing and transporting goods and can help mitigate the risk of loss or damage. Electronic warehouse receipts are becoming increasingly common as they offer greater efficiency and security than paper documents.