Warehousing Terms and Conditions..

[boss]

Hi all,
A client of ours is asking us to warehouse their goods. Nothing out of the ordinary, but we normally just use our facility to load and offload our trucks. Can anyone offer input or send me a warehousing contract with terms and conditions that outline the limitations of our liability? I'm trying to see if it's worth it to store their goods, and what would happen if a damage to their goods were to occur. Basically, how can I limit my liability if I'm warehousing a pallet worth $5,000 . What are the normal limitations of liability for a warehouseman? There must be standard limitations for recourse. If I'm charging $10 a month to store a pallet, there is no way I'm paying 5k if I damage it....
Any input is appreciated.
Thanks guys!
Regrads
Boss

 

[bubba-one]

I also have a question here. We have a fellow from the USA who met one of my customers at a Auction, bought some product at this auction, asked my customer for our ph # and calls us to see if we can haul his also out of the auction. This was a Friday and said he would have customs doc's by Monday, we now have this product in storage and have not been able to contact him, only get to leave messages. Two weeks into the storage we have some fellow shows up at our yard, says he wants to look at product and told by fellow in AB who has it on Kijiji that he can view in our yard. What I'm wondering is how do we start a warehouse lien on the product, it was fully paid for before it left the auction. I don't feel like insuring or storing this product forever, as I've never run into something like this before.

 

[Maggs]

Here is a copy of a standard Warehousemen Act. Hope this can clarify some items.

 

[bubba-one]

Thanks Maggs