PUBLIC WAREHOUSING LAW
PUBLIC WAREHOUSING LAW
The Public Warehousing Law, within the framework of Saudi Arabia’s Corporate Laws & legislations, establishes a regulatory framework for the establishment, operation, and management of public warehouses. It ensures efficient, secure, and transparent warehousing services, safeguarding the interests of all parties involved. This law supports the Kingdom’s logistics and supply chain sectors, aligning with Saudi Vision 2030’s goal of becoming a global logistics hub.
HIGHLIGHTS OF THE PUBLIC WAREHOUSING LAW IN SAUDI ARABIA:
- Licensing Requirements: Public warehouses must obtain licenses from relevant authorities, meeting criteria related to location, infrastructure, and safety.
- Operational Standards: Warehouses must adhere to standards for handling, storage, and security of goods.
- Operator Responsibilities: Operators must maintain accurate records, provide insurance, and ensure timely delivery and retrieval of goods.
- Inspection and Compliance: Regular government inspections ensure compliance, with penalties for non-compliance.
- Dispute Resolution: The law provides mechanisms for resolving disputes between operators and clients.
ISSUER OF THE PUBLIC WAREHOUSING LAW IN SAUDI ARABIA:
The Public Warehousing Law is issued and overseen by the Ministry of Commerce, ensuring compliance and facilitating sector development.
WHO IS SUBJECT TO PUBLIC WAREHOUSING LAW IN SAUDI ARABIA?
Warehouse operators who must comply with licensing and operational standards. Businesses using warehousing services must adhere to contractual obligations and dispute resolution provisions. Government authorities conduct inspections and ensure compliance. Insurance providers must provide required insurance coverage for stored goods. Overall, the Public Warehousing Law aims to regulate and standardize the warehousing sector, ensuring efficient and secure operations to support Saudi Arabia’s economic and logistical goals.
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LAW
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LAW
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RELATED SAUDI COMPANIES LAWS
- Anti-Money Laundering Law (AML).
- Implementing Regulations of the Companies Law.
- The Law of Trade Names.
- Executive Regulations of the Trade Names Law.
- The Law of Commercial Agencies.
- Implementing Regulations of the Law of Commercial Agencies.
- New Companies Law.
- Moveable Property Security Law,
- E-Commerce Law.
- Income Tax Law.
- The Law of Commercial Register.
- Implementing Regulations of the Commercial Register Law
- Chambers of Commerce Law.
- The Implementing Regulations of the Chambers of Commerce Law.
- The Law of Commercial Data.
- The Implementing Regulations of the Commercial Data Law.
- The Commercial Books Law.
- The Law of Trademarks.