Why Stock and Warehouse Inspection Matters for Settlement
Before relying on stock for the next commercial step, the client needs to know what is actually present and whether it matches the available records. Missing material, mixed lots, visible damage or poor storage conditions can affect its quantity, condition or value. Independent inspection provides a clearer picture of the stock and helps identify issues before the transaction moves forward.
Especta's Role in Stock and Warehouse Inspection
Especta provides on-site verification of metal and commodity stocks, covering the physical stock, its identification and condition, and the way in which it is stored. Where required, the assignment can also include warehouse due diligence to assess the facility and the controls in place for the safekeeping of the material.
Stock Verification
Stock quantities are physically checked and reconciled against available inventory, lot or warehouse records.
Material Identification and Condition
Material identification, location and visible condition are verified for each inspected lot or agreed stock unit.
Storage Conditions
Storage conditions are reviewed, including how the material is positioned, separated, protected and identified within the warehouse or storage area.
Warehouse Due Diligence
Where required, Especta assesses the storage facility and the controls in place for the safekeeping of the material. This may include access control and personnel access records, surveillance systems, fire protection and emergency exits, site security, and measures used to protect the material during storage.
Packaging and Markings
Packaging and markings are checked where relevant, together with visible signs of damage, contamination, water ingress or other factors that may affect the material.
Inspection Findings
Any discrepancies, unusual observations or limitations identified during the inspection are documented in the survey report.