RTL Reliable Transportation More About Warehousing | Page 6

Importance of Warehousing In the
Development of Trade and Commerce
• In addition, too, the warehouse personnel are usually held
responsible for any damage that might occur during the entire
duration of storage.
• Financing:
• Another amazing benefit of warehousing is that once your goods
are in the warehouse you can bank on this opportunity to get
loans from the warehouse keeper. In this case, your goods under
the warehouse keeper's watch act as a valid security for the loan.
In addition, when seeking loans from banks, warehouse receipt is
most times demanded as part of the required documents to
process the loan.
• Grading and Packing
• At most warehouses grading and packing services are made
available for customers who are in need of these services.