Question

Write short answer of the following.
State the various types of warehouses.

Answer 1

A businessman has to keep different kinds of goods, so there is always a need for different types of
warehouses, which are as follows :

1. Private Warehousing : Private warehouses are owned and managed by the manufacturers or traders to store
their own goods. Big business firms which need large storage capacity on a regular basis construct their own
warehouses. Generally these warehouses are constructed by farmers near their fields, by wholesalers and retailers near their business areas and by manufacturers near their factories.

2. Public/Commercial Warehouses : This type of warehouses provide storage facilities to the general public for
payment of certain fees. It may be owned by an individual, partnership firm, company, etc. These warehouses have to obtain the license from the government and work as per the rules framed by the government. They are generally located near railway stations, highways, airport, seaport, etc.

3. Government Warehouses : These warehouses are owned, managed and controlled by central and state governments or public corporations or local authorities. It is difficult for the small traders, farmers, businessmen, etc. to own a warehouse, so these government warehouses assist them in storing their goods at a nominal charge. State Warehousing Corporation and Food Corporation of India are examples of agencies maintaining government warehouses.

4. Bonded Warehouses : Bonded warehouses are licensed by the government for storing imported goods till the custom duty is not paid. They are located within the dock area. They are either operated by the government or custom authorities. The goods are held in bond and cannot be withdrawn without paying the custom duty.

5. Duty Paid Warehouses : If an importer faces any problem in transportation of goods, after making payment of duty, then goods can be stored at a Duty Paid Warehouses. All duty paid warehouses are public warehouses which are available to all the importers whether big or small. Such warehouses are more helpful for some businessman, who re-export the goods.

6. Co-operative Warehouses : These warehouses are owned, managed and controlled by cooperative societies. They mainly provide warehousing facilities at the rural areas. These type of warehouses are very useful for farmers and traders. They provide warehousing facilities at the most economical rates to the members of the society and also to the public.

7. Cold Storage Warehouses : Cold Storage warehouses provide facilities for perishable commodities like fisheries, poultry, dairy products, vegetables, fruits, flowers, etc. In cold storage warehouse, goods are stored and refrigerated at very low temperatures so as to preserve them and use them in the future.
(Any five)