Common use of Goods on consignment Clause in Contracts

Goods on consignment. 1. In case of Goods on consignment, Supplier and SPP agree that Supplier will deposit Goods free of charge during a period agreed upon, whereby title and risk of these Goods will only pass in case SPP starts to use or consume the Goods. 2. Supplier will replenish the stock no later than on the first workday after SPP has announced that it has started to use the Goods. 3. Supplier will insure these Goods until the ownership has passed to SPP. 4. Supplier will invoice SPP for the Goods SPP has started to use. 5. Supplier may recall the Goods on consignment only after consulting with SPP. 6. In case, after SPP has approved and started to use the Goods, the Goods do not satisfy the relevant requirements, SPP is entitled to file a claim with Supplier within eight days of the discovery of any defect.

Goods on consignment. 1. In case of Goods on consignment, Supplier and SPP ▇▇▇▇▇▇▇ agree that Supplier will deposit Goods free of charge during a period agreed upon, whereby title and risk of these Goods will only pass in case SPP Sanquin starts to use or consume the Goods. 2. Supplier will replenish the stock no later than on the first workday after SPP ▇▇▇▇▇▇▇ has announced that it has started to use the Goods. 3. Supplier will insure these Goods until the ownership has passed to SPPSanquin. 4. Supplier will invoice SPP Sanquin for the Goods SPP Sanquin has started to use. 5. Supplier may recall the Goods on consignment only after consulting with SPP▇▇▇▇▇▇▇. 6. In case, after SPP ▇▇▇▇▇▇▇ has approved and started to use the Goods, the Goods do not satisfy the relevant requirements, SPP ▇▇▇▇▇▇▇ is entitled to file a claim with Supplier within eight days of the discovery of any defect.