Warehouse Receipt Proclamtion 372-2003
Transcript of Warehouse Receipt Proclamtion 372-2003
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FEDERAL NEGARIT GAZETA
O F TH E FED ERA L D EM O CRA TIC REPU BLIC O F ETH IO PIA
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2.
Definitions
Unless the context reqUires otherwise; in this
Proc1amation:-
1) "Agricultural Product" means a product as m ay;
from tim e to tim e be determ ined as an agricultural
p ro du ct b y th e M in istry o r its d esig nate.
2) "Bailee" m eans a person who, by a warehouse
receipt o r sim ilar o th er in strum en t; ackn ow led ges
posses si on of goods; i nc lud ing a gr ic ul tu ra l p roduc ts ;
and undertakes to deliver them to the bailer or his
tran sferee in ac co rd an ce w ith th e p ro visd io ns o f th is
Proclamation.
3) "Bailor" means a person who, on his own or
through a lawful agent, delivers goods to a
warehouseman for the purpose of storage in the
latter's w areh ouse w ith th e inten tio n o f reclaim in g
the goods, transferring them to a third party or
o fferin g th em a s co llateral to a len din g in stitu tio n o r
o ther pe rsons.
4) "Contract of warehousing" means a contract
w hereby one party, the w arehousem an, being duly
licensed by the appropriate organ, undertakes to
receive and store goods on behalf of either of the
bailor or of the purchaser of the goods or of a person
w ho rec eiv es it in p led ge.
5) "D elivery" m eans the process of voluntary transfer
of possession of goods by a bailer to a
warehouseman and the redelivery thereof to the
b aile r h is tra nsfe ree o r h is p led gee .
6) "Docum ent" means an instrum ent on which any
m atter of substance is expressed or described by
m eans of letters, figure, m arks, or by m ore than one
of these m eans and intended to be used or w hich m ay
b e used fo r th e p urpo se o f record ing that m atter.
7) "Document of title to goods" means a written
d escrip tio n; iden tificatio n o r declaratio n o f go od s
w hich , in th e reg ula r co urs e o f b usin ess o r fin an cin g,
is trea te d as e vid en cin g th at th e p erso n in p os sessio n
of it is entitled to receive, hold and dispose of the
d ocu ment an d the go od s it co vers.
8) "Electronic document" m eans a document
generated, sent, received or stored by electronic,
o ptic al o r sim ila r m ea ns in clu din g, b ut n ot lim ited to ,
electronic data interchange, electronic m ail,
te le gr am te le x o r te le co py .
9) "Fungibles" m eans goods of which any unit is, by
nature or usage of trade, treated as the equivalent of
an y o th er u nit.
10) "Goods" means all corporeal m ovables which
m ay be subject to a contract of w arehousing under
this Proclamation.
11) "Holder" m eans a person who is in possession of a
w arehouse receipt issued or endorsed to him or to
his order or to bearer or in blank.
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3) W ithout prejudice to the provisions of this
Proclamation pertaining to the obligation of a
w areh ou se o perator to d eliv er the go od s o n d em an d
and to his duty of care and diligence, a w arehouse
receipt m ay contain in it any other term that better
d efin es th e relatio nsh ip o f th e p artie s to th e tra nsa c-
tion.
4) W here a warehouse operator om its to include any
o ne o f th e p articu la rs sp ec ified u nd er S ub -A rticle (2 )
hereof, he shall be liable for dam ages arising out of
such om ission provided, how ever, that no receipt
shall be deemed not to be a warehouse receipt by
reas on o f su ch o m issio n.
5) A warehouse receipt shall provide enough space to
register its negotiation thereof to som e specified
person in accordance with the provisions of this
Proclamation.
6) Subject to reasonable service charges, a w arehouse
operator, may upon request by the holder of a
w areh ou se rec eip t, rep la ce a w are ho use rece ip t w ith
W are ho use re ceip ts o f s malle r d en om in atio n w hic h
are o f th e lik e ten ure and w areho use charge as th e re-
placed one. H e m ay likew ise replace w arehouse re-
ceip ts o f sm aller d en om in ation w ith g reater o ne (s).
7.
Legal S ta tu s
of
a Wa reho use R ec eip t
1) A duly drawn up warehouse receipt delivered to a
bailor shall constitute a valid contract between a
w areh ou se o perato r an d a b ailo r.
2) The relevant provisions of the 1960 Civil Code of
E th io pia o n C on tracts in G en eral an d o n C ontracts of
Bailm ent in particular may supplement this
P ro cla ma tio n in g ov er nin g th e r ela tio ns hip o f p ar tie s
to a w are ho use rec eip t.
8.
Over I ss ue
of
Warehouse Rece ip ts
1) W ithout prejudice to the provisions of A rticle 6(6) of
this Proclamation, no more than one warehouse
receipt shall be issued in respect of the sam e goods
already represented by an outstanding w arehouse
receipt except in substitution for lost, stolen or
dest royed rece ipts .
2) The holder of the original receipt or his transferees
sh all retain title to th e g oo ds.
3) A warehouse operator over issuing warehouse
rece ip ts sh all b e lia ble fo r d am ag es ca used to h old ers
o f s ub se qu en t w ar eh ou se r ec eip ts .
4) W here it cannot be ascertained who the original
h old er is, th e w are ho use o pe rato r resp on sib le fo r th e
o ve r issu e sh all b e s ev erally liab le to a ll th e h old ers.
9. A lte red Warehous e Receip ts
1) W here a blank in a negotiable w arehouse receipt has
been filled in by a person without authority, the
holder in due course of such a receipt shall have full
title o n th e g oo ds rep rese nted b y th e in stru me nt.
2) Any other unauthorized alteration leaves any
warehouse receipt enforceable against the
w areh ou se o perator in acco rdan ce w ith its o rig inal
terms;
-
8/21/2019 Warehouse Receipt Proclamtion 372-2003
6/17
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L ost, S to len o r D estro ye d Ware ho use R eceip ts
1) In the event of loss of, theft or injury to a negotiable
warehouse receipt, the holder shall advise the
w are ho use o pe ra to r in w ritin g o f th e circu mstan ce s
w ithin tw enty four hours of becom ing aw are of this
fact.
2) A person claim ing to be the holder of a lost, stolen or
destroyed negotiable w arehouse receipt shall for-
th with ap ply to a co urt fo r an o rd er fo r d eliv ery o f th e
goods or issuance of a substitute negotiable
w areh ou se receip t. T he co urt m ay grant the req uest
u po n re qu irin g th e h old er to p ost ad eq uate sec urity to
indemnify anyone who m ay sustain damages as a
resu lt of the o rd er. S uch security shall b y o peration
of the law , lapse if no one appears to claim his rights
th erefro m in tw o y ears fo llo win g th e cou rt o rder.
3) A warehouse operator on whom due notice is served
in accord an ce w ith the p ro vision s o f S ub -A rticle (1 )
h ereo f w ho , w ith ou t a c ou rt o rd er, d eliv ers th e g oo ds
to a person claim ing under a missing negotiable
w arehouse receipt is liable to any person injured
thereby.
11. Attachment
G oo ds kep t in a w areh ouse fo r w hich w areh ouse receip ts
are issued in the name of a person other than the
w arehouse operator shall not be liable to attachm ent on
account of debts or bankruptcy of the warehouse
operator.
12 . Confl ic ti ng C la ims
W here several persons claim title to or delivery of the
goods and where it is doubtful to which one of them he
m ay d isc harg e h is o blig afio ns u nd er a w areh ou se rec eip t,
a w areh ou se o perato r is ex cu sed fro m h is du ty to d eliv er
the goods until he has a reasonable tim e to ascertain the
:alidity of the adverse claim s or until he takes a suitj>f
m te rp le ad er b ef or e a c ou rt f or th e p ur po se o f a sc er ta ir yn g
the o ne w ith v alid title.
PA RT T HRE E
R ig hts an d O blig atio ns o f a W areh ou se O perato r
13 . D uty to D eliver G oods
1) A warehouse operator shall deliver the goods
represented by a w arehouse receipt in the m anner
p rpv ided fo r u nd er S ub -A rticle (2 ) an d (3 ) h ereof.
2) W here a w arehouse receipt is negotiable, the bailor
ta ke s d eliv ery o f th e g oo ds:-
(a) by satisfying the warehouse operator's lien
rights;
(b) by surrendering the warehouse receipt to the
w are ho use o pe ra to r; an d
(c) by acknow ledging in w riting the delivery of the
goods.
3) W here a warehouse receipt-is non-negotiable, the
b ailo r tak es d eliv ery o f th e g oo ds:
(a) by satisfying the warehouse operiltor's lien
r igh ts : a nd
(b) by acknow ledging in w riting the delivery of the
goods.
-
8/21/2019 Warehouse Receipt Proclamtion 372-2003
7/17
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2415
2) He may foreclose his lien by selling sufficient
am ount of the stored goods by public auction or
p riv ate sale on su ch term s an d u po n su ch con dition s
as are co mm ercially reaso nab le u nder the circu ms-
tances.
3) A warehouseman may, however, exercise his right
u nd er S ub-A rticle (1 )and (2 ) hereo f sub ject to co m-
p lia nc e w ith th e f ollo w in g c on ditio ns :
(a) the storage and other charges for w hich the right
arises m ust be d ue:
(b) all persons known to claim an interest in the
go od s m ust b e d uly no tified :
(c) the noification m ust include a statem ent of the
claim , a d es crip tio n o f th e g oo ds su bje ct to lie n,
a d em an d fo r p ay me nt w ith in a sp ec ified p erio d
of tim e and an indication that the goods w ill be
sold by public or private sale if the claim is not
p aid w ith in th e tim e stated th erein ;
(d) the right should only be exercised w ith respect
to claim s in relation to the goods stored and in
th e p osse ssio n o f th e w areh ou se o perato r;
(e) the lien holds good only as to the goods covered
b y th e p articu lar w areh ou se rec eip t o ut o f w hich
the right arises or on the proceeds thereof and
n ot ag ain st an y o th er p ro perty o f th e sam e b ailo r
in th e p osses sio n o f th e w areh ou se o pe ra to r.
4) A person claiming a right in the goods may, at any
time before the sale, pay the am ount required to
satisfy th e lien an d o th er reaso nab le exp en ses o f th e
warehouse operator and stop the sale. The
W arehouse operator shall in such cases retain the
goods subject to the term s of the w arehouse receipt
a nd th e r ele va nt p ro vis io ns o f th is P ro cla m atio n.
5) A warehouse operator who, in the course of exer-
cising his right of lien. fails to comply with
req uirem en ts stated hereo f is liab le fo r dam ag es he
c au se s to o th er s.
6) The relevant provisions of the law of obligations
m ay su pp le men t th e p ro visio ns o f th is A rticle.
.
PART FOUR
Negotiation of Warehouse Rece ip ts
20.
Negotiation
1) A warehouse receipt
-
may be negotiable or non-
negotiable.
2) A non-negotiable warehouse receipt shall always
carry the w ords "N onnegotiable" on the face of it.
Failure to observe this rule shall have the effect of
render ing the i ns trume nt negotia b le .
3) Rights and obligations arising out of a non-
negotiable w arehouse receipt shall only be trans-
ferred to third parties in accordance with rules
g ov ern in g sa le o r th ose o n o rd in ary a ssig nm en t.
-
8/21/2019 Warehouse Receipt Proclamtion 372-2003
10/17
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4) A negotiable w arehouse receipt m ay be transferred
to third parties by endorsement and delivery. A
provision in a negotiable warehouse receipt that
lim its n eg otia bility sh all b e o f n o e ffe ct.
5) For the purpose of this Proclamation, an endor-
sement may be in blank, to bearer or to a named
person, and if the endorsem ent is to a nam ed person
th e rece ip t m ay a gain b e n eg otiated b y en do rse men t
in blank, to bearer or to another named person.
Subsequent negotiations m ay also be m ade in like
manner.
6 ) D ue n eg otia tio n o f a n eg otiab le w areh ou se re ce ip t
s ha ll h av e th e e ffe ct o f c on fe rrin g f ull title o ve r th e
goods represented by such ins trum ent on the endor -
s ee . T h e h old er in d ue c ou rs e s ha ll e nfo rc e h is rig ht
in th e in stru m en t fre e f ro m a ll p re vio us c la im s a nd
defects.
21. Other r ights A ris ing out of Negotiation of Warehouse
Receipts
1 ) E nd orse men t o f a w areh ou se rec eip t d oes n ot m ak e
the endorser liable for any default by previous
endorse rs o r by the w arehouse opera to r.
2) The transferee of a negotiable w arehouse receipt
m a y a t a ny tim e re qu ir e th e tra ns fe ro r to s up ply th e
necessary endorsem ent which, by default or
otherwise , i s miss ing from the ins trument.
22.
Warranties
A tra ns fe ro r fo r co nsid era tio n o f a n eg otiab le w areh ou se
r ec eip t s ha ll w ar an ty th at
1) the w arehouse receipt is genuine;
2) he has no knowledge of any fact that would impair
the validity and w orth of the receipt; and
3) his negotiation is rightful and effective w ith respect
to the title of the w arehouse receipt and the goods it
represents.
23.
Defea ted R igh ts
1) A good faith purchaser who, in the ordinary course
of business. buys fungibles and takes delivery
thereof from a warehouse operator who is also
lic en sed to s ell su ch g oo ds tak es th e fu ng ib les free o f
any claim un der the w areh ouse receip t even th oug h
th e rec eip t h as b ee n d uly n eg otia te d.
2) A transferee of a negotiable w arehouse receipt w ho
has taken it for consideration shall only acquire the
title a nd r ig hts o f th e tr an sf er or .
24. WarehouseReceipts as Secur ity Devices
1) A holder of a negotiable warehouse receipt m ay
bo rrow m oney from banks or sim ilar au tho rized
lending institutions by offering such receipt as
collateral.
-
8/21/2019 Warehouse Receipt Proclamtion 372-2003
11/17
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2) A bank or a lending institution holding a w arehouse
receipt as collateral in accordance with the
p ro vis io ns o f S ub A rticle (1 ) h ere of m ay n ot tran sfer
the receipt to third parties unless the borrow er is in
default.
3) W here the borrower defaults to pay the debt upon
m aturity, the bank or the lending institution, upon
serving due notice on the borrow er, m ay cause the
goods covered by the receipt to be sold fifteen days
after the date of paym ent specified in the notice is
due.
4) Subject to the w arehousem en's right oflien, the bank
o r th e len din g in stitutio n th at has caused th e g oo ds to
be sold as per the provisions of this Article shall
deduct all outstanding debts of the borrower for
w hich the receipt is given as security as w ell as the
expenses of the sale and shall hold the balance at the
d is po sa l o f th e b orr ow er .
5) N on-com pliance w ith the requirem ents hereof shall
entail the liability of the banker or the lending
in stitu tio n to an yo ne su stain in g d am ag es th erefro m.
6) The manner and effect of offering non-negotiable
w areh ou se re ce ip ts as co llateral sh all b e g ov ern ed b y
ru les o n o rd in ary p le dg e.
25.
Neg otiation a fter G oo ds P arte d w ith
W here a person, having sold or pledged goods that are in
a w areh ouse for w hich a nego tiab le w areh ou se receip t is
issued or having sold or pledged the negotiable receipt
itself, continues to be in possession of the receipt,
sub sequ ent n eg otiatio ns b y that p erso n to a th ird p arty in
good faith for consideration and w ithout notice of the
p rev io us sale o r p led ge sh all b e v alid .
PARTFIVE
REG ULA TION O F W AREH OU SIN G
26 . Appl ica tion for Regist ra tion
1) A share company, a private lim ited com pany or a
p ub lic en terp rise com ply in g w ith th e req uirem en ts
o f this P ro clam atio n, C om mercial R eg istration an d
Business Licensing Proclamation No. 67/97 and
F ed eral G overnm en t C om mercial R eg istratio n an d
b usin es s L ic en sin g C ou ncil o f M in isters R eg ula tio n
No. 13/1977 may apply to the M inistry or to a
regulatory organ delegated for this purpose by the
M inistry to be registered in com mercial register as
wa re house operato r.
2 ) W ith ou t lim itatio n to th e g en eralitie s o f S ub A rticle (1 )
h er eo f, th e a pp lic an t s ha ll, in p ar tic ula r:-
(a) be in sound financial standing w ith a m inim um
c ap ita l o f B ir r 1 ,0 00 ,0 00 .0 0;
(b) own or lease, with a minimum acceptable lease
period of tw elve m onths and an option to renew
the lease for another period of tw elve m onths, a
warehouse of a permanent structure with the
necessary eq uip ment th at enab le it to p ro perly
recei ve, grade, store, clean and outload the
goods that m ay be tendered for storage; and
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8/21/2019 Warehouse Receipt Proclamtion 372-2003
12/17
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(c) em ploy qualified personnel with the required
train ing an d ex perience regardin g th e h and lin g,
grading and proper storage of goods for which
th e w areh ouse is so ug ht to b e licen sed.
3 ) T he M in istry shall d term in e by d irectiv es th e criteria
w h ic h c oo pe ra tiv e s oc ie tie s s ha ll m e et to r eg is te r a nd
o pe ra te a w ar eh ou sin g b us in es s.
27. Licensing
T he M in istry o r its d esig nate sh all:-
1) issue business licenses for the conduct of the
business of w arehousing to the entitues specified
u nd er A rticle 2 6 of th is P ro clam ation p ursu an t to th e
com mercial R egistration and B usiness L icensing
procam ation No. 67/1997, Federal Government
com mercial Registration and B usiness L icensing
council of M inisters R egulations N o. 13/1997 and
pursua nt to t hi s Procla mat ion ;
2) classify w arehouses in term s of their capacity or the
sp ec ific se rv ice s fo r w hich th ey are lic en sed ;
3 ) issu e to an y perso n, u pon p resentation o f satisfacto ry
proof of com petence, licenses to inspect, classify,
grade, w eigh or sam ple agricultural products to be
sto re d in a w are ho use
4) w ithout prejudice to the provision of Sub A rticle (3)
of this A rticle any person engaged in the grading of
agricultural products as provided for in this
Proclamation shall obtain the delegation of the
E thio pian Q uality an d S tan dard s A uth ority to d o the
g rad in g o f th e sam e.
28 . Publicity
1) A w arehouse operator shall, upon due registration,
cause to be published in a newspaper of national
circulation inform ation with respect to its head
office. Location of each w arehouse under his con-
tro l, th e ty pe o f g oo ds its w are ho use s are au th orized
to accept, its financial standing as w ell as any other
relevant m atter w hich he deem s is appropriate to be
d isclo sed . S uch p ub licity sh all be m ade n o later than
t hir ty days fol lowing i ts reg is tr ati on .
2) A reg istred w areh ouse o perato r sh all also p erm an en -
tly d isp la y o n c on sp icu ou s p lac es in a ll its p rem ise s a
statem en t sh ow ing th at it is licensed in acco rd ance
w ith th e p ro vis io ns o f th is P ro cla m atio n.
29 . Maintaining Records
1) A warehouse operator shall keep complete and
co rrect record s of all g oo ds stored in his w areho use
and w ithdraw n therefrom in a licked fire resistant
container.
2) H e shall in particular keep records of:
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8/21/2019 Warehouse Receipt Proclamtion 372-2003
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(a) all warehouse receipts and their duplicates
issued by him as well as the nam es and
addresses of persons to w hom the receipts are
issued:
(b) all w areho use receip ts retu rn ed to and can celled
b y h im :
(c) the nam es and addresses of persons to whom
d eliv ery of g ood s w as m ad e u po n sU IT en derin g
warehouse rece ipts ;
(d) all notices of negotiation, including pledge, of
warehouse receipts issued by him with the
n am es an d a dd re sses o f th e tra ns fe rees th ereto :
an d
(e) a daily position record (DPR) evidencing all
goods held in the w arehouse and m ovem ent of
goods into and out of the w arehouse.
3) A ll w arehouse receipts against sUITender of w hich
goods covering them have been delivered either to
the bailor, his transferee, a pledgee or any other
p erso n w ith a v alid title s ha ll fo rth with b e ca ncelled .
4) It shall be incum bent upon warehouse operators
registered under this Proclam ation to maintain
proper books of accounts in accordance w ith law s
governing the sam e and to have their accounts duly
au dited at th e end o f ev ery E th iop ian fin an cial year.
30. Publication of Tariffs
1) A w arehouse operator shall have his storage charges
published in a new spaper of national circulation no
later th an thirty d ays fo llo win g th e co mm en cem en t
of every Ethiopian financial year. The published
ta rif f s ha ll b e p er ma ne ntly d is pla ye d o n c on sp ic uo us
places in each warehouse and shall, am ong other
things, include levies w ith respect to receiving,
storing and discharging of goods as well as the
ch arg es fo r issu an ce o f w areh ou se re ceip ts.
2) A warehouse operator m ay not charge a tariff in
excess of those that he has caused to be published.
3) Notw ithstanding the provisions of Sub A rticles (1)
and (2 ) hereo f, a w areh ouse o perato r m ay cau se new
w arehouse charges to be 'published w henever cir-
c um sta nc es w a IT an t p r ov id ed , h ow ev er, th at o uts ta n-
ding w arehouse receipts shall be charged at the rate
p re va le nt u po n is su e.
31 .
Bondin g a nd In su ra nc e
1) Every warehouse operator shall, as a condition for
re ceiv in g o r re ne win g a licen se , e xecu te a nd file w ith
th e M in stry o r w ith a reg ulato ry o rg an d eleg ated fo r
this purpose by the M inistry a bond or an under-
taking sufficient to secure performance of his
obligations towards his customers. The type and
am ount of said bond or undertaking shall be deter-
m ined by a directive to be issued by the M inistry or
i ts designate.
2) A warehouse operator shall in addition insure all
goods for which warehouse receipts are issued in
a cc or da nc e w ith th e p ro vis io ns o f th is P ro cla m atio n.
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8/21/2019 Warehouse Receipt Proclamtion 372-2003
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32 . Non Discr iminations
1) W here a person offers to a w arehouse operator goods
that are of the kind custom arily stored therein, the
latter shall take delivery of the goods thereof
provided the goods tendered are in a suitable
condition and provided further that there is space
available.
2) A w arehouse operator registered in accordance w ith
the provisions or this Proclam ation shall not m ake
any discrim ination w ith respect to availability of
facilities o r as to tariffs b etw een p erso ns av ailin g o r
d esirin g to a vail th em selv es o f h is serv ic es.
33. Establishment of Standards
1 ) T he M in istry , h avin g d ue reg ard to o th er ap pro priate
laws pertaining to establishm ent and control of
national standards and in close consultation w ith
relevant organs of public adm inistration, m ay es-
tablish or m ay cause to be established standards for
a gric ultu ra l p ro du cts th at m ay b e s to re d in r eg is te re d
warehouse.
2) The M inistry may likewise set or cause to be set
c rite ria o f p ro fe ss io na l c om p ete nc e fo r c er tif ic atio n
of persons engaged in the business of inspecting,
classifying, grading. W eighing and sampling of
agricultural products to be stored in a registered
warehouse.
34.
Inspection
of
Warehouses
1) The M inistry or its designate m ay inspect or cause to
be inspected any warehouse licensed under this
P ro clam atio n. H e sh all in p articular in vestig ate th e
m anner of receiving storing handling classifying
according to grade and other wise, weighing and
g ra din g o f a gr ic ultu ra l p ro du cts .
2) The M inistry or its designate may examine or cause
to be examined all books of accounts records and
p ap ers o f a w are ho use o pe ra to r.
3) The ministry or its designate may investigate or
cause to be investigated the activities of persons
lic en se d a s in sp ec to rs , c la ss if ie rs , g ra de rs , w e ig he rs
o r s am p le rs o f a gr ic ultu ra l p ro du cts .
35. L ic en sin g a nd In sp ec tio n F ee s
1) T he M inistry or its designate m ay charge reasonable
fe es fo r issu an ce, u pg ra din g a nd ren ew al o f licen se s
to w arehouse operators, inspectors, classifiers.
g ra de r, w e ig he rs o r s am p le rs o f a gr ic ultu ra l p ro du cts
pursuant to the Federal G overnm ent Com mercial
Registration and Business Licensing Council of
M in isters R eg ula tio n N o. 1 3/1 99 7.
2) T he M inistry m ay lik ew ise assess, ch arg e an d co llect
fees for each examination or' inspection of a
warehouse where such is made pursuant to an
a pp lic atio n o f w a re ho us e o pe ra to r.
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8/21/2019 Warehouse Receipt Proclamtion 372-2003
15/17
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44 .
Delegation
of
Authority
The M inistry may delegate its powers and duties under
this Proclam ation in part or in w hole to another govern-
m en t ag en cy to stak eh old ers-c on tro lle d ac cred itatio n a nd
regulatory organs to be set up to ensure com pliance w ith
th e p ro visio ns o f th is P ro clam atio n.
45. Power to Issu e R eg ula tio ns
~t;. Y."}-n fDIJm-llJ-)'P'AllJ }
T he Council of M inisters m ay issue regulation to ensure
fDIJ.~1l -h~1' SJOtic (1. -) .
t\'lU htp~ h& .K X9 fD IJ.JJll& .A proper im plem entation of this Proclam ation.
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46. Repeale{i Laws
1) Article 2806 to 2824 inclusive of the 1960 Civil
Code of Ethiopia shall be replaced by this
P roclam ation and are hereby repea led.
2 ) N o. la w re gu la tio ns o r d ire ctiv es sh all h av e fo rc e an d
e ff ec t in m atte rs c ov er ed u nd er th is P ro cla m atio n so
far as it is inconsistent w ith the provisions of this
Proclamation.
47.
Eff ec ti ve Date
T his P ro clam atio n sh all co me in to fo rce a s o f 1 4d ld ayo f
October , 2003,
D on e a t A dd is A bab a th is 1 4thd ay o f O cto ber, 2 00 3.
G IR MA W O LD E G IO RG IS
PR ESID EN T O F TH E FE DER AL
D EM O CR AT IC R EP UB LIC O F E TH IO PIA