COMMERCIAL DOCUMENTS

1. DOCK WARRANT

1.1. certifies that the holder is entitled to goods imported and warehoused in the docks

1.2. Non-negotiable if deliverable to a specific person.

1.3. Documents of Title

2. QUEDAN

2.1. shows ownership of a specified amount of sugar in a warehouse or sugar central

2.2. non-negotiable because it is without unconditional promise or order to pay a sum certain in money

2.3. Documents of Title

3. LETTER OF CREDIT

3.1. guarantees the payment of a customer’s obligation up to a stated amount for a specified period of time

3.2. negotiable instrument if it contains an unconditional promise of payment on demand or at a fixed time

3.3. Special Law art 567 to 572 of code of commerce

3.4. Credit Transactions

4. POSTAL MONEY ORDER

4.1. A money order is a payment order for a pre-specified amount of money

4.2. non-negotiable; i is governed by postal rules and regulation and it may only be negotiated once

4.3. Trade and Commercial Transactions

5. CERTIFICATE OF DEPOSIT

5.1. agreement to deposit money for a fixed period with a bank

5.2. non-negotiable if not complied with the requirement (d) of sec 1, payable to order or bearer and (b)

5.3. Trade and Commercial Transactions

6. WAREHOUSE RECEIPT

6.1. provides proof of ownership of commodities that are stored in a warehouse, vault, or depository for safekeeping

6.2. non-negotiable if it stated that the goods will be delivered to the depositor or to any specified person

6.3. Warehouse Receipt Law Act. NO. 2137

6.4. Documents of Title

7. BILL OF LADING

7.1. serves as a shipment receipt when the carrier delivers the goods at a predetermined destination

7.2. non-negotiable; it doesn’t promise to pay a sum certain of money and no demand is needed to deliver such at a undeterminable future date

7.3. Documents of Title

8. TREASURY WARRANTS

8.1. authorization that a payment be made from a public treasury

8.2. non-negotiable; order of payment out of a particular fund and it is not unconditional

8.3. PRESIDENTIAL DECREE No. 1538

8.4. Credit Transactions

9. CERTIFICATE OF STOCK

9.1. representing ownership in a company

9.2. non-negotiable because the price of the share that is stated in the certificate cannot be change by the buyer

9.3. Documents of Title