law: The Warehousing (Development and Regulation) Act, 2007
  Chapter III
  
  Warehousemen
  6. Liabilities of
  
  warehousemen. -
  1.  A
  
  warehouseman is liable for loss of, or injury to, goods caused by his failure
  
  to exercise such care and diligence in regard to the goods as a careful and
  
  vigilant owner of the goods of the same bulk, quality and value would exercise
  
  in the custody of them in similar conditions.
  2.  In
  
  case the goods are damaged or lost in spite of taking all care and precautions
  
  by the warehouseman due to unavoidable circumstances, the compensation equal to
  
  the value of goods at the time of deposit of the goods shall be payable by the
  
  warehouseman.
  3.  In
  
  case the goods are damaged or lost due to the negligence of the warehouseman,
  
  then, the compensation shall be equal to value of goods plus the loss of profit
  
  to the holder of the receipt.
  4.    The
  
  warehouseman shall not be responsible for any loss, destruction, damage or
  
  deterioration of the goods delivered to him for storage attributable to
  
  circumstances such as force majeure, act of war, act of public enemies and the
  
  like.