Warehouse Receipt Terms And Conditions Of Contract
“Warehouse” means GPM Logistics, LLC and its subsidiaries, related companies, agents, or representatives. “Depositor” means the shipper, consignee, or owner of the Goods or the shipper’s, consignee’s, or owner’s contractors or agents, including motor carriers, drayage companies, forwarders, brokers, or any entity that places or maintains a chassis/trailer pool at any of Warehouse’s facilities. “Equipment” means any chassis, container, trailer, or tractor. “Goods” means the merchandise, cargo, or freight that Depositor tenders for storage, packing, crating, and any other non-transportation service (collectively, the “Services”) as stated on the front or first page of this warehouse receipt. “Facility” means any warehouse facility of Warehouse or of a third party. “Yard Storage” means the placement of containers or trailers, with or without tractors, empty or loaded, secured or unsecured, in the yard of Warehouse or at a third-party location. “Shrinkage Allowance” means a dollar amount equal to 2 percent of annual throughput of Services per year. “Contract” means this Warehouse Receipt Terms and Conditions of Contract.
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