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Warehouse Receipt-Provision-Fixed Value Liability (Type 2)
WAREHOUSE RECEIPT-PROVISION-FIXED VALUE LIABILITY-Type 2
No article will be accepted for storage by warehouse unless a fair valuation is placed on the article by the depositor. The rate charged the depositor is based on this declared or agreed-on value.
The declared or agreed-on valuation of each article stored under this agreement is $[Price per article] Dollars per [unit of weight, such as: pound], of which there are a total of [Total units] units for a gross valuation of $[Gross valuation] Dollars.
The depositor warrants that no unit of weight exceeds this stated amount.
The liability of the warehouseman for loss or damage to the goods stored under this agreement for any cause for which the warehouseman may be liable, does not exceed and is limited to $[Maximum liability] Dollars per [unit of weight].
The depositor may increase the amount of warehousemans liability on written request at the time of the signing of this agreement or within a reasonable time after receipt of the warehouse receipt. In the event of such a request, increased rates will be charged on such increased valuation as permitted by law. This will involve an added charge of [added charge] cents per [unit of weight] dollar amount of excess valuation over and above the valuation set forth previously.
This is a UCC Form. It is intended to supplement other forms.