consigee

Consignee refers to the party to whom goods are shipped. This is typically the buyer or recipient of the merchandise. In a consignment transaction, the consignee is the one who receives the goods for the purpose of selling them on behalf of the owner. The owner, known as the consignor, retains ownership of the goods until they are sold by the consignee. The consignee is obligated to sell the goods and remit the proceeds, minus any agreed-upon commission or fee, to the consignor.

In shipping and logistics, the consignee is the individual or entity designated on a bill of lading or other shipping documents to receive the shipment. This information is crucial for the carrier to know where and to whom the goods should be delivered. The consignee has the right to take possession of the goods once they arrive at their destination and the necessary documentation or payments have been fulfilled. Incorrectly identifying the consignee can lead to delivery delays or disputes over ownership and responsibility for the shipment. The role of the consignee is distinct from that of the shipper, who is the party initiating the shipment.