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What does consignee mean?

Tags: consignee

When goods are traded internationally, the parties involved in the transaction must decide on the goods’ terms of sale. This can include information on the goods, the price, the date, and the location of the goods. In international trade, the Consignee is the person or company who is the recipient of the goods. A consignee can be an individual or a company.

Can a 3PL be the consignee?

If the logistics provider agrees to act as the owner of the goods at the time of import, it can be named as the consignee.

What is the opposite of a consignee?

The opposite of the consignee is the consignor. In most cases, this would also be the shipper of the goods.

Must the buyer be the consignee?

The buyer is usually the ultimate consignee.

Where can I find the consignee information?

Consignee information can usually be found on transport documents such as bills of lading or airway bills. This information can usually also be found on the invoice and if applicable – the Certificate of Origin. In some documents, the consignee may be referred to as something else such as the “Ship To” entity.

Conclusion

The consignee information is very important to Customs authorities, as the consignee will in most cases also be the importer of record. Hence, it is important to ensure that the information provided on the documents used for Customs clearance is always accurate and correct.

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This post first appeared on Globalior Trade Compliance, please read the originial post: here

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What does consignee mean?

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