7. Consignors ordering trucks, and failing to load and order them away within twenty-four hours after such trucks shall be ready for loading at the station or siding to'whieh they were ordered, will be subject to charges of 3s. per truck per day, and ls. per sheet per day, for demurrage, for every dmy, or fraction of a day, they shall be detained after the expiration of such twenty-four hours. When specially constructed trucks are ordered, 6s. per truck per day demurrage will be charged on trucks constructed to carry fifteen tons and under twenty tons; 12s. per truck per day on trucks capable of carrying twenty tons and under thirty tons ; and 20s. per truck per day on trucks capable of carrying thirty tons and above.
8. All goods delivered to the Company will be received and held by them, subject to a lien for money due to them for the carriage of and other charges upon such goods, and also to a general lien for any other moneys duo to them from the owners of such good; upon any account ; and in case any such lien is not satisfied within a reasonable time from the date upon which the Company first gave notice to the owners of the goods of the exercise of the same, the goods may be sold by the Company by auction or otherwise, and the proceeds of the sale applied to the satisfaction of every such lien and expenses.
9. All perishable articles refused by the consignee, or at the place to which they are consigned, or consigned to a place not known by the Company's agents or servants, or insufficiently addressed, or not paid for and taken away within a reasonable time after a'rival, if addressed to be kept till called for, fhay he forth with sold by auction or otherwise, without any notice to sender or consignee ; and payment or tender of tho net proceeds of any such sale, after deduction of freight charges and expenses, shall be accepted asiequivalent to delivery.
10. The Company will not be liable for eny loss of market.
11. The Company will not be liable for any indirect or consequential damages in respect of goods lost, injured, or delayed.
12. The Company will not bo liable for any loss of or damage to, or delay of goods, resulting from their being not properly protected by packing.
13. The Company will not be liable for any loss of or damage to, or delay of goods, resulting from their being not properly or not sufficiently addressed.
14. The Company will not be liable if goods are lost, injured, or delayed, owing to a defect in a waggon not belonging to or provided by the Company, unless such defect arose from the neglect or default of the Company or their servants, or unless the Company or their servants were guilty of negligence in not discovering such defect.
15. In respect of goods consigned to places beyond the limits of the Company's free delivery, the responsibility of the Company will cease when such goods have been delivered over to another carrier in the usual course for delivery.
16. In all cases where the Company's charges are not prepaid, the goods are accepted for carriage only upon the condition that the sender remains liable for the payment of the amount due to the Company for the carriage of such goods, with out prejudice to the Company's rights, if any, against the consignee or any other person.
17. In respect of traffic of every description which loses weight in transit, through drainage, evaporation, or any cause beyond the Company's control, carriage shall be paid upon the weight ascertained at the sending station. • CONSIIINMENTS.—When goods are forwtrded to a merchant or broker for sale on behalf of a principal they are said to be forwarded on consign.
went. The principal forwarding the goods is 4alled the "consignor," and the merchant to whom they are sent the " consiAnee." A delivery of goods sold direct to the purchaser would not be a delivery on consignment ; in deed, speaking in accordance with mercantile usage, they would not even be a consignment. This word—and often the word "adventure" also—is used very generally as an equivalent to the name of the goods themselves; e.g. ten bales of cotton could be called "a consignment of ten bales." The usual instances of consignments are those of imported goods from a consignor abroad, the opposite form of consignment—that of export—being rarely resorted to unless the merchant at home finds it impossible to obtain a market for his goods otherwise, for export consignments invariably result in a loss to the consignor. The law on the subject of consignments will be found in the article on FACTORS.
Whether the consignment is one of importation or exportation it is always accompanied by an invoice, known as a consignment invoice, directed to the consignee. This invoice, except as to its heading, is practically the same in form as a " loco "'invoice, hut is really only a pro forma invoice for the purpose of satisfying the requirements of the customs, and of serving as a guide for the sale of the goods. The invoice does not purport to charge the consignee with the price of the goods, nor does the consignor debit him therewith. Particulars of these INVOICES will be found under that heading. a The consignee having received the invoice and the bill of lading, proceeds to obtain a DELIVERY ORDER from the shipping agents wherewith he can get possession of the goods. his duty is then, after payment of all liabilities in respect thereof, to sell the consignment either by private sale or public auction at the highest price he can obtain. The sale being effected, he must prepare and forward to the consignor a statement of account known as an Account-Sales, in which lie will credit the consignor with the price obtained for the consignment, and debit him with all the proper payments he may have made in respect thereof, and the brokerage and commission. Whilst an invoice is an account of goods bought, an account-sales is con versely an account of goods sold. The balance, which in the case of a consignment is called the "net proceeds," is then debited or credited to the consignor according to the result of the transaction. This balance is either settled for in a bill attached to the account-sales, or where there is a running account between the parties it is entered into the account. Where specific advances have been made to the consignor in respect of the consignment, or amounts due upon several consignments are settled for at stated intervals, it is usual to append to the account-sales, or to forward at certain periods, a summary statement known as an Account-Current, for a form of which see STATEMENT OF ACCOUNT.
Insurable interest.—A consignee, having possession and a lien upon the consignment for advances or otherwise, may insure it in his own name gene rally, without specifying his interest therein, unless the policy contains a provision to the contrary. His insurable interest is limited, however, to the amount of the loss he may sustain by the destruction of the goods; it does not necessarily extend to the full value of the goods,