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Public warehouses and their characteristics

Answer Text:
Public warehouses
These are warehouses owned by individuals or organizations who do business by renting space. To those traders who are in need of storage facilities to store goods temporarily. They have the following characteristics;
-Are owned and operated by individuals or companies who do not use
them for storing their own goods.
-Are open to any member of the public who wish to rent storing space for their goods
-The customers pay on the basis of space rented and the period of time required to store the goods.
-They are often situated near terminals as airports, sea-ports and railway station and industrial areas. This facilitates the movement of
goods in and out of the warehouse.
-The rent paid includes charges for insurance and other services i.e. goods are insured against loss or damage as a result of fire or theft while they are still in the warehouse.