WAREHOUSE COMPANY

• Metal Expertise
  The company must have an affiliation to the metal markets and sufficient expertise in metal storage and logistics.


• Financial Stability
  The company must be financially sound and able to provide evidence upon request.


• Insurance
  The warehouse company shall have adequate insurace in place to cover for loss, theft or any other circumstance that may inhibit orderly trading and delivery of goods.


• Procedures and Quality
  The warehouse company shall have procedures in place that ensure a continually high quality of storage services. This includes both working and control procedures, to ISO standard or equivalent.


• Technology/IT Connectivity
  The company shall have up to date technology and IT connectivity systems in place that allow for electronic transmission of information that are vital for online trading, such as deliver-in, movement of goods, placements of hold and others.


• Customs License
  The company must be customs licensed in order to provide storage space within a free trade zone (FTZ) or a bonded warehouse location.


• Fee Structure
  Fee structures need to be in place. These may be agreed directly between client and warehouse. Fees may be confidential and entirely at the discretion of the warehouse.

WAREHOUSE FACILITY

• Metal Expertise
  The warehouse facility must have an affiliation to the metal markets and sufficient expertise in metal storage and logistics.


• Ownership
  The warehouse facility should be owned by the company or be under a lease for a minimum of two years from the time of admission. Supporting evidence will be required as part of the warehouse admission process.


• Infrastructure Connectivity
  The warehouse facility must be located in such place where infrastructure connectivity allows for delivery of goods by at least two of these modalities: rail, road and sea ways.
  Geographical proximity to the metal processing industry is beneficial but not an exclusion criteria.


• Minimum Storage Space Requirements
  Storage space provided in individual warehouses must be sufficient to cover storage demand in each METALPRODEX trading location. This includes open and roofed storage areas.


• Stock Turnover Capability
  The warehouse must be capable of handling the movement of stock volumes in line with METALPRODEX demand in each warehouse location.


• Facility Security
  Sufficient security measures must be in place, such as secure perimeters, CCTV monitoring throughout the facility, secure locking mechanisms and access control.
  Furthermore the facility must be alarmed, regularly inspected in and outside of business hours and suitable emergency procedures must be in place.
  Loading and unloading must take place within the perimeter of the facility and not in any publicly accessible area.