Consignment Terms

At URIPS, we offer flexible consignment terms to cater to the diverse needs of our clients. Consignment is a beneficial arrangement for both sellers and buyers, providing a framework that allows goods to be sent and sold while the ownership remains with the seller until the goods are sold. Here’s what you can expect when you choose URIPS under consignment terms:

What is Consignment?

Consignment is an arrangement where goods are sent by the seller (consignor) to the buyer (consignee) without transferring ownership. The consignee sells the goods and pays the consignor only for the items sold. This method helps in managing inventory effectively and reduces financial risk for both parties.

Key Features of Our Consignment Service

How It Works

  1. Agreement:
    • URIPS and the consignee agree on the consignment terms and conditions.
    • A consignment agreement is drafted and signed by both parties.
  2. Shipment:
    • URIPS ships the goods to the consignee as per the agreed schedule.
    • The consignee receives and stores the goods in their inventory.
  3. Sales and Reporting:
    • The consignee sells the goods to customers and maintains sales records.
    • Regular sales reports are provided to URIPS for inventory and payment tracking.
  4. Payment:
    • Payment is made to URIPS for the goods sold by the consignee.
    • Unsold goods can be returned or kept for future sales as per the agreement.

Why Choose URIPS?

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