Proclamation to Provide for a Warehouse Receipts System
Council of Ministers/trade and industry, Ethiopia
This Proclamation is under special laws and proclamations; all forms of transaction arising out of and in connection with contracts of warehousing. The relevant provisions of the 1960 Civil and Commercial Codes of Ethiopia shall complement this Proclamation. The proclamation shall strive to achieve the following objectives: “to enable any person store his goods and in particular, standardized agricultural products in warehouses, and borrow money upon delivery of the warehouse receipt as collateral, to establish a valid contract between the bailee and the bailor and to properly direct and administer the system, and to create an organized and efficient marketing system for agricultural products”.
Process Flow
Proclamation to Provide for a Warehouse Receipts System Current Version
January 2022
This Proclamation is under special laws and proclamations; all forms of transaction arising out of and in connection with contracts of warehousing. The relevant provisions of the 1960 Civil and Commercial Codes of Ethiopia shall complement this Proclamation. The proclamation shall strive to achieve the following objectives: “to enable any person store his goods and in particular, standardized agricultural products in warehouses, and borrow money upon delivery of the warehouse receipt as collateral, to establish a valid contract between the bailee and the bailor and to properly direct and administer the system, and to create an organized and efficient marketing system for agricultural products”.
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