Common use of Goods on consignment Clause in Contracts

Goods on consignment. 6.1 Where Goods are supplied on consignment the following provisions apply specifically to those Goods: (a) the Goods shall be at the Buyer’s risk from the time of delivery and the Buyer shall be responsible for insuring the Goods. (b) the Buyer may retain possession of the Goods until the Buyer sells them or the Seller requires re-delivery of them to the Seller, whichever first occurs. (c) if the Seller requires re-delivery of the Goods such re-delivery shall be at the Buyer’s cost. (d) the Buyer shall notify the Seller on a fortnightly basis of all consignment Goods sold during that fortnightly period and shall within seven (7) days of that fortnightly advice pay the Seller for the Goods sold. (e) the Seller shall provide an invoice for Goods remaining unsold after a period of six (6) months.