This section is from the book "Modern Banking; Commercial And Credit Paper", by Frederick Silver. Also available from Amazon: Modern banking; Commercial and credit paper.
(Documents For Warehousing)
Received from The Guaranty Trust Co. of New York Bill of
Lading per................dated........................for the following goods and merchandise, their property, marked and numbered as follows: imported under the terms of Letter of Credit No.....................
issued by them for my/our account the said Bill of Lading to be used by me/us for the sole purpose of entering the above described property at the United States Custom House at the Port of..................
..................and of storing the same in the name, and as the property, of the said The Guaranty Trust Co. of New York, and subject only to their order, I/we hereby agreeing to so store the said property and to hand the storage receipt for the same to the said The Guaranty Trust Co. of New York, when obtained.
I/we Also Agree to fully insure said property against fire, the loss, if any, payable to said The Guaranty Trust Co. of New York, and to hand to them the policies of insurance thereon.
Dated....................19................
(Signed) ...................................
£........................
Trust Receipt
(Documents For Warehousing)
This form of Trust Receipt is also used in connection with Import Letters of Credit, and it is temporarily accepted against the surrender of shipping documents in order that the goods covered by such documents may be placed in warehouse, and pending the delivery of the warehouse receipt.
This form of Trust Receipt is used covering the delivery of merchandise actually sold, the relative shipping documents being surrendered to the client against his trust receipt in order to enable him to make delivery to the buyer.
 
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