The LME does not own or operate warehouses and nor does it own the material they contain. LME authorises warehouse companies and the warehouses they operate to storeLME approved brands on behalf of warrant holders. LME listed warehouse companies may issue warrants, through their London agent, for material delivered into their approved warehouses.
Approving a warehouse company
Warehouse companies will be considered for listing in an existing or new location subject to completion of a contract application form supported by evidence of insurance, capital adequacy and other documents as detailed by the LME from time to time.
Approving a warehouse
LME will only accept applications for the listing of approved warehouses from approved warehouse companies.
Inspection of premises offered for warehousing to the LME will take place prior to any listing to ensure they suit the logistical nature of the location as required by the LME. The LME will state its needs in this respect when sending the applicant the application form.
