A wharfinger's receipt is a document that confirms the receipt of goods at a wharf. This receipt is issued by the wharfinger, who is responsible for overseeing the storage and handling of goods at the wharf. The receipt holds legal significance, similar to a warehouse receipt, as it serves as proof of ownership and can be used in commercial transactions.
Wharfinger's receipts are primarily used in commercial law, particularly in transactions involving shipping and storage of goods. They are important in the context of bills of lading, as both documents facilitate the transfer of ownership and rights to the goods. Users can manage related procedures themselves using legal templates available through platforms like US Legal Forms, which provide guidance on creating and handling these receipts.
Here are a couple of examples of abatement:
Example 1: A shipping company delivers a container of goods to a wharf. The wharfinger issues a receipt confirming that the goods have been received and stored. This receipt can be used by the shipping company to claim ownership of the goods later.
Example 2: A business stores its products at a wharf. The wharfinger provides a receipt that the business can use to prove ownership when negotiating with buyers. (hypothetical example)
Examples of state differences (not exhaustive):
| State | Specific Regulations |
|---|---|
| California | Requires specific language in receipts for enforceability. |
| New York | Recognizes wharfinger's receipts under commercial law. |
| Texas | Follows general commercial code for transferability. |
This is not a complete list. State laws vary, and users should consult local rules for specific guidance.
| Term | Definition | Key Differences |
|---|---|---|
| Bill of Lading | A document issued by a carrier to acknowledge receipt of cargo. | Primarily used for transportation, while a wharfinger's receipt is for storage. |
| Warehouse Receipt | A document that serves as proof of goods stored in a warehouse. | Similar in function, but issued by warehouses rather than wharfs. |
If you receive a wharfinger's receipt, ensure that it accurately reflects the goods you have stored. Keep it safe, as it serves as proof of ownership. If you plan to transfer ownership or negotiate the goods, consider using legal templates from US Legal Forms to create the necessary documents. If your situation is complex, it may be wise to consult a legal professional for tailored advice.
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A wharfinger is a person or entity responsible for managing the storage and handling of goods at a wharf.