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a consignment agreement is an agreement between a con signe and consumer for the storage transfer sell or refill and use of the commodity the config nee may take goods from the consignment stock for youth or resale subject to payment to the continued agreeably to the terms bargained in the consignment agreement the unsold goods will normally be returned by the consignee to the consumer it may be accompanied by a consignment agreement franchising distributorship or OEM goods are stored at the premises of the distributor or premises of a third party at distributors disposal but remains a property of the exporter this agreement decreases the exporters risk because he remains the owner of the commodities in storage the distributor does not need to pay until he has sold the commodities so you improves his cash flow both parties must ensure that the consignment agreement is formulated very carefully so no room for doubt remains with regard to third parties specifically the distributor's creditors in case of is bankruptcy the distributor and the exporter have incompatible interests the distributor's interest will be to increase the amount of the stock in consignment because this has no effect on his cash situation therefore the parties should agree on reasonable stock rolling adapted to the market demand and consider how quickly the exporter may produce and deliver additional goods in order to avoid stock disruption fulfillment of certain conditions is requested by the customs and v80 authorities due to the European v80 rules it is easier to have a consignment stock between EU countries the distributor is required to keep accurate accounts but dispensable to have a bonded warehouse you [Music]