Common use of Net Weight Clause in Contracts

Net Weight. The weight of grain after foreign material, dockage, and excess moisture weight have been deducted. Net Worth. The balance amount after financial liabilities are subtracted from allowable assets. In determining allowable assets, credit may be given for appraisal of real property, less improvements, and for the appraisal of insurable property, such as buildings, machinery, equipment and merchandise inventory, only to the extent that such property is protected by insurance against loss or damage by fire, lightning and other risk. Such insurance must be in the form of lawful insurance policies issued by insurance companies authorized to conduct such business and subject to service of process in the State in which the warehouse is located. AMS will determine what assets are allowable and under what conditions appraisals may be used. Non-Negotiable Warehouse Receipt. A paper or electronic document that cannot be transferred by endorsement or delivery to another holder or person.

Net Weight. The weight of grain after foreign material, dockagepick, dockage and excess moisture weight have been deducted. Net Worth. The balance amount after financial liabilities are subtracted from allowable assets. In determining allowable assets, credit may be given for appraisal of real property, less improvements, and for the appraisal of insurable property, such as buildings, machinery, equipment and merchandise inventory, only to the extent that such property is protected by insurance against loss or damage by fire, lightning and other risk. Such insurance must be in the form of lawful insurance policies issued by insurance companies authorized to conduct such business and subject to service of process in the State in which the warehouse is located. AMS DACO will determine what assets are allowable and under what conditions appraisals may be used. Non-Negotiable Warehouse Receipt. A paper written or electronic document that cannot be transferred by endorsement or delivery to another holder or personparty.

Net Weight. The weight of grain after foreign material, dockage, and excess moisture weight have been deducted. Net Worth. The balance amount after financial liabilities are subtracted from allowable assets. In determining allowable assets, credit may be given for appraisal of real property, less improvements, and for the appraisal of insurable property, such as buildings, machinery, equipment and merchandise inventory, only to the extent that such property is protected by insurance against loss or damage by fire, lightning and other risk. Such insurance must be in the form of lawful insurance policies issued by insurance companies authorized to conduct such business and subject to service of process in the State in which the warehouse is located. AMS DACO will determine what assets are allowable and under what conditions appraisals may be used. Non-Negotiable Warehouse Receipt. A paper or electronic document that cannot be transferred by endorsement or delivery to another holder or person.