Fibrefaerie Consignment Agreement

FIBREFAERIE CONSIGNMENT AGREEMENT

 

ABOUT

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This Consignment Agreement is to be used to apply to sell locally made or designed product in Fibrefaerie Studio Gallery or other Fibrefaerie retail opportunities.

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Fibrefaerie Studio is housed in Castlemaine at the heritage listed Old Castlemaine Gaol and offers sales of high quality fibre arts products and local crafts with open exhibition to the public during the high traffic periods of weekend trade, and focuses on exhibiting craftworks by local artists, designers and craftspeople with a handmade, sustainable and slow fashion edge, while also a venue for classes and workshops in the fibre arts.

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Fibrefaerie Studio is owned by Rain Millar and is an ATO registered business.

 

PROCESS

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  1. Complete an online Fibrefaerie Studio Consignment Form using this link

  2. Fibrefaerie Studio will review your submission, this process can take up to 30 days.

  3. Decision advised via email.

  4. Appointment to view product made

  5. At the appointment the approved product and completed Consignment Note must be provided to the representative of Fibrefaerie Studio.

  6. The Representative approves the consignment note and accepts delivery of the product and the consignee receives a temporary consignment receipt of product.

 

SELECTION CRITERIA

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When considering new product for Fibrefaerie Studio the following criteria is applied:

  • Designed and made in Australia

  • Designed and handmade in Central Victoria

  • Quality craftsmanship and finish

  • Unique to other product currently in stock

  • Sustainable or eco in design and aesthetic

  • Sympathetic product to world of fibre crafts

  • Designer/Craftperson has a marketable label/story

 

CONSIGNMENT NOTE

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Only work accompanied by a completed consignment note will have the chance to be accepted.

The Consignment Note must indicate:

  1. Period of consignment

  2. Supplier details

  3. Artist price

  4. ABN number

  5. Product description and Product Quantity.

  6. Digital photo of product and digital Consignment Note also emailed.

Once accepted, and delivery of stock is received at Fibrefaerie Studio, a Suppliers Consignment Note Receipt will be forwarded to the supplier as a RECEIPT of the approved product via email only. This may take up to 10 working days to enter into our system.

 

PERIOD OF CONSIGNMENT

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Fibrefaerie agrees to a ONE MONTH trial period with the option to continue to stock the supplier’s product on-going, with three- month reveiews and as long as both parties agree. The terms of this Consignment Form are valid for an ongoing period of time that the supplier has stock held at Fibrefaerie Studio.  

 

PRICING AND PRODUCT CODES

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All products must be delivered with stickers or swing tags attached with suppliers name and product name.

Artist’s Price is your wholesale price and must be clearly marked per product on the Consignment Form. This is the price you will be paid when the item is sold.

Retail pricing is at the sole discretion of Fibrefaerie Studio.

 

CONSIGNMENT VS COMMISSION

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Fibrefaerie Studio chooses to sell on consignment not commission. Please read our comprehensive guide to Wholesale pricing to work out the artist price or Wholesale Price per item. NOTE: If you are registered for GST you must include GST in your artist price.

As a general rule, Fibrefaerie Studio has a 75% mark up on consignment wholesale product. So if your wholesale/artist  price is $25, then expect to see our retail price at $45 plus GST

 

INSURANCE

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On consignment, your product is still your product. All reasonable care will be taken with supplied products, however Fibrefaerie Studio will not be responsible for loss, theft or damage. Suppliers are responsible for their own  insurance cover of their product

 

TERMINATION

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Either party may terminate the cnsignment period in writing at any time. Notification must be given in writing. Collection of product can occur after ten days from the receipt of notification, and arrangements to collect must be made with Fibrefaerie Studio for a mutually agreed time.

 

PAYMENT

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The Supplier will be sent a Product Sales Report VIA EMAIL ONLY each month outlining stock sold by Fibrefaerie. It is then the responibility of the supplier to issue Fibrefaerie with a credible invoice for the payment of product sold. Payment terms for Supplier Invoices are 30 days from date of receipt via EFT to a nominated bank account on the invoice.

 

CONFLICT RESOLUTION

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No dispute can be raised on the contents of this form. If the Supplier and Fibrefaerie Studio are in dispute over the interpretation of the conditions of this form, all business relationships must cease between parties and the unsold stock returned as per Termination clause. Agreement to the policies described here is implied upon completion of the Consignment form and upon completion of the  consignment Note and entering into the final consignment contract.