Every contract opens and expires on the dates as per the circulars issued by the exchange. No fresh positions building will be allowed during the delivery period of the current contract month. The buyer or seller gives delivery intention and pays delivery margin. The exchange after matching the buyers and sellers notifies them about the delivery details. The seller can tender warehouse receipt for settlement and warehouse receipt will be accepted for settlement at the closing price of the previous day. The warehouse receipt will be collected from the seller by the exchange and passed on to the buyer. The buyer then issues the warehouse receipt to the warehouse and takes delivery of the goods.

Charges Applicable

• Warehouse Charges / Storage Charges

• Insurance charges

• Delivery charges

• Sales tax

• Penalty charges (upon failure to deliver)

The seller tenders the warehouse receipt to the exchange during the delivery period of the current contract month in case he wishes to give delivery. The exchange notifies the buyer about delivery and the warehouse receipt is issued in favor of the buyer, which is transferable. On producing this receipt the buyer can take delivery of the commodity from the warehouse. The buyer has to bear the warehouse charges, insurance charges from the day on which he receives the notification from the exchange. Warehouse charges differ from one warehouse to another and also from one location to another. Warehouse accepts stocks only for specified period and after which if the buyer or seller wishes to keep the stocks in the warehouse, then he has to revalidate the warehouse receipt.

Warehouse Receipt Details