Warehouse Receipts
REVISED WAREHOUSE RECEIPTS LAW OF THE PHILIPPINES
This bill aims to modernize the warehouse receipts system in the Philippines by establishing a centralized electronic registry managed by the Securities and Exchange Commission (SEC) and repealing the outdated Warehouse Receipts Law of 1912.
REVISED WAREHOUSE RECEIPTS LAW OF THE PHILIPPINES
This bill aims to modernize the Warehouse Receipts Law of 1912 to improve access to credit for agricultural workers and Micro, Small, and Medium Enterprises (MSMEs) by establishing an Electronic Warehouse Receipts Registry and professionalizing warehousing activities.
WAREHOUSE RECEIPTS ACT OF 2025
The Warehouse Receipts Act of 2025 aims to modernize the existing warehouse receipts law to facilitate trade and commerce, particularly benefiting the agricultural sector by allowing farmers to use their harvest as collateral for loans. It establishes an online registry for warehouse receipts and creates the Warehousing Accreditation Council to oversee warehouse operations and ensure compliance with standards.