Louisiana Standard Terms and Conditions for Merchandise Warehouses
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FAQ
An Ideal warehouse constitutes of the following features:(i) Proper Location:(ii) Use of Mechanical Appliances:(iii) Sufficient Space:(iv) Proximity to the Market:(v) Parking Facility:(vi) Safety Measures:(vii) Economical:(viii) Proper Management:
Contract warehouses provide extra services related to packaging and distribution. These are useful services a business can use if expanding or experiencing sharp increases in demand. With a contract warehouse, a business can trust the logistics providers to keep goods flowing to and from storage on time.
Advantages of Contract WarehousingLower Capital Investment. Buying, building, or expanding a warehouse can quickly become too expensive.Lower Operational Costs and Fees.Benefit of Value-Added Services.Greater Reliability.Centralized Operations.Streamlined Processes.
Important tips for Warehouse Construction:Should have a plinth height of 2.5 feet to 3 feet.RCC floor should be of minimum 5 tons / Sq.It should have a clear height of minimum 22 Feet.It should have ample docking bays so that material can be easily moved and total area of warehouse is utilized.More items...
Contract warehousing allows you to use only what you need. This flexibility is especially important if your needs change over time, such as seasonal changes. It also allows smaller businesses to benefit from equipment or procedures that would be too costly to implement on their own.
Storage. The primary function of a warehouse is to provide storage space for equipment, inventory or other items.Safeguarding of Goods.Movement of Goods.Financing.Value-added Services.Price Stabilisation.Information Management.Other Functions.
A warehouse is required both to (1) exercise reasonable care so as to prevent loss of or damage to the property and (2) to refrain from converting materials left in its care to its own use. Accordingly, if property is lost or damaged as the result of negligence on the part of the warehouse, it will be found liable.
Warehousemen's Legal Liability policies basically cover the legal liability of an insured as a warehouseman or bailee with respect to physical loss or damage to property of customers of the assured at specified locations subject to designated limits.
A distinctive type of bailee is the common carrier. The common carrier by law is held to a high degree of care and is considered absolutely liable in most cases.
Liability of Warehouseman as a BaileeThe warehouseman is not an insurer of the stored goods. When goods in the custody of a bailee is lost, stolen, damaged or destroyed by any cause, the latter is generally liable in law if the loss or damage was caused or contributed to by his negligence.