I'm Giancarlo Enrico S. Pozon, a Wushu instructor, investor and Barrister... That's right, Barrister; I graduated from law school and took the Bar Exams, now I'm waiting for the results. I created this blog to make Philippine Law easy to understand for the average person. It's all about free legal advice. There are many law blogs. But the problem is that many of them are written for lawyers and law students. They use words that can't be understood by ordinary people.
Many lawyers, judges and law students consider themselves as superior to most human beings because of their knowledge of the law. It bothers me since the law is supposed to serve society. Since the law is meant to serve society as a whole, it is important that is must be understood by everybody.
This does not mean that we should all become lawyers. It means that although law is a highly specialized profession, the first duty of everybody in this profession is to make the law understandable to all; that's why all these articles are free legal advice.
Like I said, this blog is about law -but it's for the ordinary people, not the lawyers. It's for the ordinary folk so they will know what is good and bad for them, and that making them aware of the law will help us all improve society as a whole. This is free legal advice for everybody!
The business of warehousing covers all types of goods, commodities and merchandise to be stored and deposited. Rice, corn, sugar and palay are covered by this law. Structures used for storage, including a camalig, are also covered by this law. The stocks in the warehouse belong to their owners and not to the warehouse owner. If the warehouse owner accepts stocks from friends and family, these don't need to be bonded, but stocks from clients have to be bonded.
The obligations of a warehouse owner are the following:
1.) A licese from the DTI
2.) A bond equal to 33 and 1/3% of the market value of the maximum quantity of goods to be received for the protection of the depositors
3.) There must be no discrimination and the warehouse must be open to the public
4.) The goods must be insured against fire
5.) In case there is damage to the goods because the warehouseman accepted them even though the warehouse was already filled to capacity, he is liable for double the amount of the market value of the goods
The law won't apply if the owner merely rents space to a certain group of persons because the law covers warehouses that accept goods for milling, storage and commingling with the obligation to return the same quantity or to pay their value.
3 comments:
I'm looking for affordable warehouse in the Philippines
For warehouses in the Philippines, maybe you could try: http://orientfreight.com/.
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