Warehouse receipt

A warehouse receipt is the document a warehouse keeper issues acknowledging goods taken into storage and stating the terms on which they are held. In freight forwarding the standard form is the FIATA Warehouse Receipt (FWR), which records the goods, their condition, and the depositor, and can be negotiable or non-negotiable. A negotiable receipt is a document of title: transferring it transfers control of the goods and supports trade finance, since a bank can hold it as collateral. It is governed by the contract and, in the US, by UCC Article 7. It differs from a forwarder’s certificate of receipt (FCR), which confirms goods received for dispatch, not for storage.