1) Depositor Details


  • Entity:


  • Contact:

    Chithumba Model
  • Physical Address:

    Lilongwe
  • Postal Address:

    P.O.BOx 40139
  • Tel:

    265999917164
  • Fax:


  • Email:

    client@aceafrica.org
  • Proceeds Assignment:



2) Warehouse details


  • Warehouse Name:

    Umodzi Warehouse
  • Warehouse Manager:

    Stonard Magoda
  • Warehouse Operator:

    Umodzi Farmers Association
  • Warehouse Number:

    Umodzi_WH
  • Location:

    MCHINJI
  • Fax:


  • Email:

    smagoda@gmail.com

3) Commodity Details


  • Commodity Name:

    Beans
  • Variety:

    Soya
  • Grade:

    ACE1
  • Crop Year

    2018
  • Quantity:

    76.65  MT
  • Total Draw Down:

    0 MT
  • Volume at Current Moisture:

    78.19 MT at 13.00 %
  • Volume loss at current Moisture:

    0.00 MT
  • Volume at Standard Moisture:

    75.89 MT

4) Storage Cost as of  23 Sep 2018


Cost codeCost (MWK)
Fixed Handling183,967.20
Bags and Bagging467,583.30
Daily Storage Fee441,521.28
Total1,093,071.78

Storage settled till : 23/09/2018
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)
19/06/2018WHR CreatedChithumba Model76.65
ACE
Agricultural Commodity Exchange for Africa (ACE) - www.aceafrica.org – ace@aceafrica.org - +2651710204