Electronic warehouse receipts.

CFR · 2024-01-01 · US · Title 7

(a) Warehouse operators issuing EWR under the Act may issue EWR's for the agricultural product stored in their warehouse. Warehouse operators issuing EWR's under the Act must: (1) Only issue EWR's through one AMS-authorized provider annually; (2) Inform AMS of the identity of their provider, when they are a first time user of EWR's, 60 calendar days in advance of issuing an EWR through that provider. AMS may waive or modify this 60-day requirement as set forth in § 869.2(b); (3) Before issuing an EWR, request and receive from AMS a range of consecutive warehouse receipt numbers that the warehouse will use consecutively for issuing their EWR's; (4) When using an authorized provider, issue and cancel all warehouse receipts as EWR's; (5) Cancel an EWR only when they are the holder of the warehouse receipt; (6) Be the holder of an EWR to correct information contained within any required data field; (7) Receive written authorization from AMS at least 30 calendar days before changing providers. Upon authorization, they may request their current provider to transfer their EWR data from its Central Filing System (CFS) to the CFS of the authorized provider whom they select; and (8) Notify all holders of EWR's by inclusion in the CFS at least 30 calendar days before changing providers, unless otherwise required or allowed by AMS. (b) An EWR establishes the same rights and obligations with respect to an agricultural product as a paper warehouse receipt and possesses the following attrib

official document · source cfr-2024 · id 7:§ 869.303