It serves as proof that a contract for carriage has been concluded and describes its content. It also serves as a receipt when goods are picked up from the shipper and delivered to the recipient.
A consignment agreement is where one party (the 'consignor') supplies goods to another party (the 'consignee') to sell those goods. The consignor will retain ownership of the goods until they are sold, despite the consignee possessing the goods.
A document that shows the details of goods that have been sent from a seller to a buyer, and that travels with the goods: rail/air/road consignment note. See also.
A: A consignment agreement is a contract between two parties (a consignor and a consignee) that governs the relationship between those parties when goods are transferred.
Some types of product are commonly sold through consignment. These include clothing, athletic equipment, furniture, musical instruments, art, and jewelry. For example, an artist might have five large pieces of artwork to sell but has no place to showcase the work for prospective buyers.
The consignment note acts as a legal contract between the shipper, the carrier and the consignee, setting out the terms and conditions of carriage. This includes details on the type of goods, the place of pickup and delivery, and any special instructions for the shipment.
Consignment Request means the request by the Counterparty for Consignment Stock to be made available on the terms and conditions agreed between DJFZ and the Customer.