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1.1 This practice covers the process of receipt notification as a result of tangible asset movement. This practice provides further guidance in conjunction with Practice E2605.

1.2 The application of this practice should promote accurate visibility of tangible asset location and timely record updates.

1.3 This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety, health, and environmental practices and determine the applicability of regulatory limitations prior to use.

1.4 This international standard was developed in accordance with internationally recognized principles on standardization established in the Decision on Principles for the Development of International Standards, Guides and Recommendations issued by the World Trade Organization Technical Barriers to Trade (TBT) Committee.

4.1 It is the intent of these principles to provide guidance for an efficient system to acknowledge custody of tangible assets through certification of receipt.

4.2 These principles allow for enhanced control of tangible asset movement within any organizational structure, including suppliers and alternate locations.

4.3 Use of this practice will provide an auditable document for proof of custody change.