An instruction indicating that all freight charges on a shipment of goods will be paid by the consignee upon receipt.
A consignee refers to an individual or organization authorized to receive goods sent from a consignor. The consignee acts as the recipient of goods, typically in a shipping context, and may also serve as an agent to sell the goods on behalf of the consignor.
Consignment involves the shipment of goods by a principal (consignor) to an agent (consignee) for sale. The consignee sells the goods on behalf of the consignor, often earning a commission upon sale. The process typically involves creating a detailed consignment account.
Consignment is a business arrangement in which goods are left in the possession of an authorized third party to sell. The owner of the goods (consignor) retains ownership until the goods are sold.
A consignor is any person or organization that sends goods to a consignee or a principal who sells goods on consignment through an agent, usually in a foreign country.
