1) Depositor Details


  • Entity:


  • Contact:

    Ireen Chitsime
  • Physical Address:

    Kasungu
  • Postal Address:

    P/Bag 28 Kasungu
  • Tel:

    265998375905
  • Fax:


  • Email:

    client@aceafrica.org
  • Proceeds Assignment:



2) Warehouse details


  • Warehouse Name:

    RAB Kasungu SRAM
  • Warehouse Manager:

    Thomas Ibrahim
  • Warehouse Operator:

    RAB PROCESSORS LTD
  • Warehouse Number:

    RAB KU SRAM
  • Location:

    KASUNGU
  • Fax:


  • Email:

    thomibrahim@gmail.com

3) Commodity Details


  • Commodity Name:

    Maize Grain
  • Variety:

    White Maize (non GMO)
  • Grade:

    ACE1
  • Crop Year

    2017
  • Quantity:

    0.00  MT
  • Total Draw Down:

    14.11 MT
  • Volume at Current Moisture:

    0.00 MT at 11.30 %
  • Volume loss at current Moisture:

    0.12 MT
  • Volume at Standard Moisture:

    0.00 MT

4) Storage Cost as of  17 Aug 2018


Cost codeCost (MWK)
Fixed Handling28,444.80
Bags and Bagging92,445.60
Daily Storage Fee312,151.98
Total433,042.38

Storage settled till : 17/08/2018
Amount Financed :
Final Settlement Till Date : 0
Accumulated Interest Till Date : 0
Placement : Owner

5) This Warehouse Receipt is subject to the terms and conditions stipulated in:

  • The ACE Warehouse Receipt Rules
  • The parties acknowledge themselves to be familiar with and to be bound by the defaults terms and conditions if applicable as stipulated generally by the Regulations of ACE.
  • ACE Arbitration Rules - Any dispute arising under this or in relation to this Warehouse Receipt shall be submitted to Arbitration in terms of regulation 38 of the regulations of ACE.

6) Audit Trail

DateDescriptionOwnerVolume(MT)
23/08/2017WHR CreatedIreen Chitsime7.01
24/08/2017Additional VolumeIreen Chitsime7.22
12/02/2018Drawndown VolumeIreen Chitsime4.90
09/07/2018Drawndown VolumeIreen Chitsime9.19
09/07/2018Drawndown VolumeIreen Chitsime0.02
ACE
Agricultural Commodity Exchange for Africa (ACE) - www.aceafrica.org – ace@aceafrica.org - +2651710204