Sources: Law Dictionary
There is a way to meet these objectives: allow banks to sell any assets they want, and have the government ’s bad bank acquire them on a consignment basis with no initial cash outlay.
For this consignment, we shall cover WPA and risk of breakage for 110% of the invoice value.
I want to mail the commodities purchased in China to Us by express consignment, how about the procedures?
Let's start with a simple definition: Consignment Inventory is inventory that is in the possession of the customer, but is still owned by the supplier.
Now I can not lay my hands on the fund because he left an instruction with the Security Company that the Consignment will only be moved abroad upon my provision of foreign partner.
Re - sale leaves you with inventory you might have to mark down to get rid of, but consignment has more paperwork to it, and consigners usually want a bigger share of the sales price.
Just now, you mentioned sales terms. They include the sales for cash, on credit, on approval, COD, on consignment and on installment, and affect the procedures used in handling the sales transaction.
Sales on consignment mean that a business markets goods on a consignment basis. When sold on consignment basis, the merchandise is shipped to an agent dealer with the agreement that the agent dealer is not required to pay for the goods unless they are sold.
The operation of the storage, processing and assembling and consignment sales of Bonded goods shall Be approved By and registered with the Customs.
or any liability of the consignee or indorsee by reason or in consequence of his being such consignee or indorsee, or of his receipt of the goods by reason or in consequence of such consignment or indorsement.