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CONSIGNMENT CARRIAGE RULES 1.GENERAL PROVISIONS1.1. These Consignment Carriage Rules (hereinafter Rules) set out the procedure for providing services by UAB Venial Lieu (hereinafter VENIAL), requirements
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Consignment is a business arrangement in which a seller holds goods on behalf of the owner (consignor) until they are sold. The owner retains ownership of the goods until they are sold, at which point they receive payment from the seller (consignee).
Usually, the consignee is responsible for filing the necessary paperwork and handling the logistics of consignment. However, both parties should be aware of the terms and conditions of the consignment agreement.
To fill out a consignment agreement, both parties need to agree on the terms and conditions, including pricing, payment terms, and responsibilities. The agreement should also include a description of the goods being consigned and the duration of the agreement.
The purpose of consignment is to allow sellers to stock and sell goods without having to pay for them upfront. It also allows owners to get their products in front of customers without the risk of holding inventory themselves.
The consignment agreement should include information about the consignor and consignee, a description of the goods being consigned, pricing, payment terms, responsibilities, and the duration of the agreement.
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