The measure also establishes a warehousing accreditation council composed of the chairman of the SEC, the secretary of the Department of Trade and Industry, the secretary of the Department of Finance, the secretary of the Department of Agriculture, and three warehousing experts who would be in-charge of accrediting
warehouses and
warehouse operators.
For his part, Senator Aquilino Pimentel III lamented that most banks and other financial institutions do not accept
warehouse receipts as collateral for loans as they do not have confidence in its economic value.
Primarily, this will be done through the establishment of an online centralized registry of
warehouse operators and
warehouse receipts," Gatchalian said.
"There is a lot of demand from small companies that need to spend only $5,000 or $10,000 a month on warehousing space," explains Jonathan Rosenthal, CEO of
Warehouse Exchange.
At its core, the data
warehouse integrates critical and valuable enterprise data that is not found in big data sources and that continues to be the primary data resource for descriptive, prescriptive and decision analytics.
DED has also warned against storing or piling goods outside the
warehouse, using the
warehouse or part of it as kitchen or residence and engaging in direct sales from the
warehouse.
The Hempel Coatings
warehouse will service the Deer Park, Texas area for heavy industrial petrochemical markets, terminals contractors, service companies, marine ship-yards, manufacturers and OEMs.
Further, recommendations for the SMEs are also provided pointing the benefits of
warehouse automation.
There are 19 private customs
warehouse licensees, while the number of processed customs
warehouse declarations has reached 5,397 during the first quarter of 2012, collectively worth around Dh2 billion.
Sharjah Sharjah police have arrested a 29-year-old Asian burglar who stole 500 boxes of blankets, worth Dh200,000, from a
warehouse in the emirate's industrial area recently.
Prior to the issuance of any license, the commission will perform an inspection of a personal property
warehouse. The inspection will include a review of the physical characteristics of the building, the type of goods to be stored, the proper storage techniques, the method of fire and burglary protection the
warehouse utilizes, any potential damage to personal property by animals, insects or water, the
warehouse's proper business records and documentation of storage lots, and the
warehouse's advertising practices.