Warehouses in foreign countries for storage of merchandise in transit or in bond

Bibliographic data

Monograph

Identifikator:: 863514456

URN:: urn:nbn:de:zbw-retromon-45340

Document type:: Monograph

Title:: Warehouses in foreign countries for storage of merchandise in transit or in bond

Place of publication:: Washington

Publisher:: Government Printing Office

Year of publication:: 1905

Scope:: 1 Online-Ressource (206 Seiten)

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: North America

Collection:: Economics Books

144 WAREHOUSES IN FOREIGN COUNTRIES. The company may refuse to receive merchandise when its value Is not suffi cient to cover the customs and other dues. The company shall be directly responsible to the depositors for deterioration of effects stored, provided the deterioration is caused by any fault of the company or lack of proper care, but it shall not be responsible for losses or damages pro ceeding from the nature or condition of the merchandise nor for damage caused by superior force duly proved by the company, save only the obligation incum bent upon it by article 11 of the law of February 16, 1900. Art. 10. The company is authorized to rent the buildings which may be necessary for storage purposes until it buys or constructs the buildings referred to in this concession, provided the buildings rented comply with the provisions of article 18 of the law of February 16, 1900. Art. 11. The warehouses are subject to the relevant prescriptions of the gen eral customs laws and also to the regulations and other dispositions of a general character which may be decreed in the future on the subject in conformity with the relevant prescriptions of the general law on general warehouses. Art. 12. The company is obliged to have in its possession bonded warehouses for the storage of merchandise subject to the payment of customs dues, of the following dimensions : Those in the city of Mexico—At the end of two years from the date of this contract, 5,000 square meters (1 square meter—10,764 square feet) ; at the end of five years from the date of this contract, 7,500 square meters ; at the end of ten years from the date of this contract, 10,000 square meters. Those at the port of Veracruz—At the end of two years from the date of this contract, 7,500 square meters ; at the end of five years from the date of this contract, 10,000 square meters ; at the end of ten years from the date of this contract, 15,000 square meters. Art. 13. In the case of war, merchandise deposited in the warehouses of the company shall be considered as belonging to neutral owners, whatever may be its origin and whatever the event which may happen. Art. 14. The company, at the request of the interested persons, shall have the right to take samples from the merchandise stored in its warehouses, sub ject to the supervision of the customs officials. Art. 15. The owner of merchandise shall have the right to visit it and, with the supervision of employees of the warehouse and custom-house, to open and repair the packages as he may desire. Art. 16. The company shall have the right to carry on the following opera tions : I. The storage of national merchandise, foreign merchandise on which the customs and other dues have been paid, and foreign merchandise on which the customs and other dues have not been paid. II. All customs operations relative to the receipt, clearing, and entry of the merchandise. III. Insurance of the merchandise stored against fire in conformity with rates and conditions previously approved by the treasury department. IV. Arrangement of freights between the consignees and the railroads or maritime companies. V. The sale in commission or at public auction of merchandise stored in the warehouses or which merchants may remit to it for that purpose, and VI. In fine, all operations on commission which the commercial code permits for commission merchants and factors. Art. 17. The company shall be obliged to issue to the depositors of merchan dise certificates of deposit and hypothecary bonds, both on one blank, extended in a stub book, which are subject to the requirements of the commercial code; and the operatons in which they may be used are subject to the provisions of the same code. Art. 18. The company shall have the right to verify the correctness of the declarations of the depositors of merchandise at the time it is deposited and in case it discovers any errors it shall report them immediately to the respective custom-house, in case of foreign merchandise on which the customs and other dues have not been paid. Art. 19. If during the fixed term of duration of this contract the Federai Government shall make another analogous contract with any person or com pany, conceding rights or franchises not stipulated in this, the company herein named shall also enjoy said rights and franchises, complying at the same time with the corresponding obligations. , Art. 20. The Mexican Central Bank, the Mercantile Bank of Veracruz, ana

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