consignee definition

consignee

Person or firm (usually a buyer) named by the consignor (usually a seller) in the transportation documents (such as an air waybill or bill of lading) as the party to whose order a consignment will be delivered at the port of destination. The consignee is considered to be the owner of the consignment for the purpose of filing the customs declaration, and for paying duties and taxes. Formal ownership (title) of the consignment, however, transfers to the consignee only upon payment of the seller's invoice in full.

consignee is in the Banking, Commerce & Finance, International Trade & Relations and Shipping, Transport, & Travel subjects.

consignee appears in the definitions of the following terms: delivery, warehouse to warehouse, landing account, accomplished bill of lading (B/L), stale bill of lading (B/L), diversion, acceptance of shipment, clean collection, straight bill of lading (B/L), port of discharge and

consignee appears in the other terms: intermediate consignee, consignee mark, ultimate consignee

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