| Certified Wood
Consignment Warehouse |
Consignment
Agreement |
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| Consignor: |
______________________________ |
Consignee: |
FPS, Inc. |
| Address: |
______________________________ |
Address: |
1591 N. National Ave. |
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______________________________ |
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Chehalis, WA 98532 |
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______________________________ |
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| Phone: |
______________________________ |
Phone: |
360-740-5220 |
| Fax: |
______________________________ |
Fax: |
360-740-5220 |
| E-mail: |
______________________________ |
E-mail: |
info@certifiedwood.biz |
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| 1. |
AGREEMENT:
Consignor hereby consigns to FPS wood described on the reverse side of
this agreement. FPS accepts consignment subject to the terms and
conditions of this agreement. |
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| 2. |
DUTIES AND PRIVILEGES
OF CONSIGNOR: |
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A. |
Consignor will pay directly
the transportation cost, rail or truck, for safe delivery of the
consigned articles to the Cascade Warehouse loading area at 1591
N. National Ave. (Driver, please call Bill Simmons at (360)
740-9816 for instructions.) Driver to present a signed and
completed copy of this agreement before unloading. |
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B. |
Consignor will pay FPS a
single charge of $15/MBF for load and unload, on monthly customer
statements. Consigned wood will be delivered on pallets and
will be moveable by a standard industrial forklift. |
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C. |
Consignor will pay a rental
charge equal to 35 cents per Unit for each day or partial day in
the Certified Wood Warehouse. A Unit of lumber is an evenly
stacked bundle, of the same dimensions (even length preferred but
not required) and species, which can be safely fork lifted and
transported in a single lift. FPS will assign Units unique
identifying numbers upon delivery to the Warehouse. |
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D. |
Consignor reserves the
right to sell the consigned lumber for any sales price.
Consignor agrees to notify FPS promptly upon sale, provide loading
instructions, and pay all charges when billed. |
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E. |
Consignor may change the
minimum price by written notice. The price change takes
effect at 8:00 AM Pacific time on the day following receipt of
notice. |
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F. |
FPS payment terms to buyers
will be full payment within 10 days of units leaving the
warehouse. Net sales proceeds, from sales made by FPS, will
be paid to the Consignor no later than the 15th of the
month immediately following receipt of full payment from the buyer
to FPS. |
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G. |
By the end of each calendar
month, FPS will send to Consignor a monthly statement showing load
charges, commissions, and rental charges due from Consignor to
FPS. The total is due by the 15th of the month
immediately following the statement date. Late payments will
be assessed a penalty of 1% per month or any part of a month
overdue. All charges past due, including late penalties,
become a lien against the consigned lumber in favor of FPS. |
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| Form 101 |
Page 1 |
Last
revised: December 8, 2003 |
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| Certified Wood
Consignment Warehouse |
Consignment
Agreement |
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| 3. |
DUTIES AND
PRIVILEGES OF FPS: |
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A. |
As long as FPS has not been
notified of a prior sale by Consignor, FPS may sell the consigned
lumber for any price at or above the minimum price listed on the
reverse side of this agreement. |
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B. |
If FPS is successful at
selling the wood above the recommended selling price listed on the
reverse side of this agreement, FPS will receive a sales
commission equal to the difference between the actual sales price
and the recommended sales price, multiplied by 10%. |
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C. |
If the Consignor’s lien
amount exceeds 50% of the sum of all Consignor’s lumber in the
warehouse calculated at minimum sales price, then FPS is free to
sell any or all of the consigned lumber, for any price, and
satisfy the lien first, even if doing so leaves no money to pay
Consignor. |
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| 4. |
RESTRICTED
ACCESS: Cascade Warehouse and FPS have sole authorization to
unload consigned lumber, transport the lumber to and from storage, and
reload the lumber back onto an approved freight carrier. |
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| 5. |
OTHER BROKERS:
Brokers other than Consignor and FPS are encouraged to sell consigned
wood. Such sales will be governed by a separate brokerage
agreement, with commission specified, that must be signed by Consignor
prior to finalizing the sale. |
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| 6. |
INSURANCE:
Consigned lumber will be insured under FPS’s Bailee’s insurance
policy at a value equal to the minimum sales price. In case of
loss, FPS will pay the minimum sales price to the consignor within one
week of the date FPS is paid by their insurance carrier. It is
hereby agreed that such payment will be the entire settlement for the
loss suffered by Consignor. |
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| 7. |
OTHER:
This agreement is subject to the laws of Washington. It is the entire
agreement and supersedes any verbal agreements. |
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| ______________________________ |
______________________________ |
| Consignor
Signature |
Date |
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| Form 101 |
Page 2 |
Last
revised: December 8, 2003 |
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| Certified Wood
Consignment Warehouse |
Consignment
Agreement |
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| LOAD TICKET |
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| Unit # |
MBF |
Species |
Dimension |
Other |
FSC |
Minimum |
Recommended |
| Assigned
at Delivery |
If
unknown will be calculated at delivery |
DF, RA,
WRC, etc. |
2x6x8
1x4 (R/L 6-20)
etc. |
Description |
Prior
Chain of Custody Number |
Price |
Price |
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| Form 101 |
Page 3 |
Last
revised: December 8, 2003 |
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