FIATA-FWR-WAREHOUSE

FIATA FWR warehouse receipt warrant.

Definition

FIATA FWR specifications: distinctive olive green colour, can be negotiable (by endorsement, like warehouse warrant for banks collateral lending) or non-negotiable by specific clause. Mandatory data: warehouse keeper name, warehouse address, goods description (nature, quantity, marks), receipt date, storage conditions. Main use: bank financing using FWR as collateral for pre-export lending (commodity trading), trade finance setoff. Functions in duo with FCR FIATA Forwarders Certificate of Receipt (FCR less formalised). Today usage decreased with digital warehouse management systems but persists commodity trades (cocoa, coffee, cotton, cereals). Paper format + planned eFWR.

Origin

FIATA FWR published 1970s by FIATA for banks collateral lending ; commodity trades cocoa coffee usage persists 2024 ; planned digital eFWR 2025.

Example in context

Cargill issues FWR for 500 tonnes Cote d'Ivoire cocoa stocked Abidjan Bolloré Logistics warehouse ; endorsable FWR used as collateral by Cargill with BNP Paribas for $1.5M pre-export financing.

Related terms

• FIATA FBL — another negotiable document.