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Warehouse Receipt System Act, 2006 (No. 14 of 2006).

Country/Territory
Uganda
Document type
Legislation
Date
2006
Source
FAO, FAOLEX
Original source
Uganda Gazette No. 36 of 8 June 2006, Acts Supplement No. 5.
Long title
An Act to provide for the licensing of warehouses and warehouse keepers, to provide for a national system of warehouse bonding for the protection of depositors, to provide for the issue of warehouse receipts and to provide for other related matters.
Subject
Agricultural & rural development
Keyword
Agricultural development Institution Agricultural commodities Credit Transport/storage Internal trade Contract/agreement Offences/penalties
Geographical area
Africa, Eastern Africa, Landlocked Developing Nations, Least Developed Countries
Abstract

This Act establishes the Uganda Warehouse Receipt System Authority as a body corporate and provides rules relative to warehousing in Uganda and a system of warehouse receipts for trading and credit purposes and negotiation and transfer of warehouse receipts. The Authority shall: (a) license warehouses, warehouse keepers and warehouse inspectors; (b) issue negotiable warehouse receipts books; and (c) to carry out and perform such other functions as are conferred or imposed on it by this Act or Regulations made under this Act. The Act also provides for warehoused goods that are about to deteriorate or decline in value or may pose a hazard to be sold at the Uganda Agricultural Commodities Exchange. The Act also defines offences.

Full text
English
Website
www.ulrc.go.ug

References - Legislation

Implemented by

Warehouse Receipt System Regulations, 2007 (S.I. No. 33 of 2007).

Legislation | Uganda | 2007

Keyword: Agricultural development, Institution, Agricultural commodities, Credit, Transport/storage, Internal trade, Contract/agreement, Legal proceedings/administrative proceedings

Source: FAO, FAOLEX