Common use of Consignment Stock Scheme Clause in Contracts

Consignment Stock Scheme. 5.1 The Sellers shall, at the request of and within the time required by the Buyer, deposit such quantities of Goods at the designated Hospital premises as consignment stock under the Consignment Stock Scheme for use by the Buyer on an “as and when required basis”. The Seller will be notified (without affecting or otherwise relieving the responsibilities of the Seller as set out in sub-clauses 5.3 and 5.5 of these T&Cs below) when the Goods are taken out from the consignment stock for use by the Buyer.