Consignment Warehouse definition
Examples of Consignment Warehouse in a sentence
Wintec will provide to Manufacturer the results of any security audits or assessments of the Consignment Warehouse conducted by a third party.
PECO will be responsible for all operations of the Consignment Warehouse, including contracting for the Consignment Warehouse and associated services, all receipts and deliveries, keeping accurate records of all Consignment Inventory and the safety of the Products in the Consignment Warehouse.
PECO will pay all expenses relating to the Consignment Warehouse.
Manufacturer will deliver or cause to be delivered Products as Consignment Stock only after acceptance of a Consignment Purchase Order from Wintec requesting that Products be delivered to the Consignment Warehouse.
All Products delivered pursuant to this Agreement will be packed for shipment to the Consignment Warehouse in DEI’s standard shipping cartons, marked for shipment, and delivered to PECO or its carrier agent F.C.A. (Incoterms 2000) DEI’s designated facility, at which time and risk of loss shall pass to PECO, but not title.
When and as Products held in Consignment Stock are required by Wintec, Wintec shall remove such Products from the Consignment Warehouse and issue to Manufacturer a Consignment Purchase Pull Notification.
A Product unit becomes “mature” when such Product unit has remained in the Consignment Inventory for sixty (60) days from date of its receipt into the Consignment Warehouse, or ninety (90) days from date of the unit of Product being shipped from a DEI facility, whichever is sooner.
Wintec will make available to Manufacturer at Manufacturer’s request security reports (including, but not limited to, login records and intrusion logs) relating to the Consignment Stock stored at the Consignment Warehouse or otherwise in Wintec’s possession.
Risk and rewards of ownership of the the Product shall pass on to ITI upon delivery of the Product in the Consignment Warehouse.
Consignment Warehouse Agreements are negotiated individually with the suppliers.