Trade finance is often required to fund payment to suppliers for goods which are to be held in a warehouse awaiting sale or delivery to end-buyers. The key aspects of risk assessment are discussed to include the warehouse owner, warehouse keeper, location, goods, and the importance of inspection. Warehouse receipts are described, the importance of determining whether they carry the full attributes of negotiability, and other receipt-based documents such as a holding certificate, deed of attornment, and warehouse warrant. Control over the goods and the perfection of security in accordance with the law of the place are highlighted. The financing ratio and funding structures are discussed to include the use, operation, and risk considerations of borrowing base.