Vehicle Consignment Form Template for Singapore

The Vehicle Consignment Form serves as a crucial document in Singapore's automotive market, where vehicle owners often prefer to sell their vehicles through established dealers rather than handling private sales. This form establishes the legal framework for such arrangements, ensuring compliance with Singapore's strict vehicular regulations and the Land Transport Authority's requirements. It outlines critical aspects such as vehicle valuation, commission structures, sales terms, and responsibility allocation between parties. The document is particularly important given Singapore's unique vehicle ownership system involving Certificates of Entitlement (COE) and the need for proper documentation in vehicle transfers.

1. Parties: Details of consignor (vehicle owner) and consignee (dealer/agent)

2. Background: Context of the consignment arrangement and reference to relevant Singapore legislation including Road Traffic Act and Consumer Protection Act

3. Definitions: Key terms used in the agreement including specific Singapore regulatory terms

4. Vehicle Details: Comprehensive description of the vehicle including registration number, make, model, year, and LTA-specific details

5. Consignment Terms: Duration, pricing, and commission structure for the consignment arrangement

6. Responsibilities: Obligations of both parties during consignment period, including compliance with Singapore regulations

7. Risk and Insurance: Allocation of risk and insurance requirements as per Singapore Motor Vehicles Act

8. Termination: Conditions for ending the agreement and associated procedures