The consignment program is simple. The seller ships the inventory (including a spreadsheet with all relevant SKU details) to IC Trends where it's inspected, counted, cataloged and stored prior to sale. IC Trends provides an audited accounting of the inventory to you and performs a fair market assessment of the inventory and assumes responsibility to set pricing based on this data. IC Trends promotes the inventory to the global electronic components marketplace, attracts buyers, assumes the credit risk, packs/ships the product and administers warranty claims. You are provided with Purchase Orders for all product sold and paid on N30-day terms. When you participate in this program, your parts are sold through our global marketplace at competitive market prices, and we split the revenue with you.