Consignment Terms and Conditions are a set of agreements between a consignor (the owner of the goods) and a consignee (the person to whom they are shipped). These agreements typically outline what responsibilities each party has, payment arrangements, insurance clauses, delivery requirements, and legal obligations. They also detail any limits of liability or indemnity that may be involved in the transaction. By understanding these terms and conditions, both parties can ensure the successful completion of the consignment process.