The consignee is the receiver of the goods being shipped.\u00a0 A consignee is a customer or client. The ultimate owner of the product is the consignee, so it is important to keep in mind that shipments destined for a 3rd party logistics company would not list the 3PL as the consignee. The consignee is the importer of record in international shipments. So, with the above definitions in mind, the reason the terms consignee and Consignor are used is because a company ships its products on consignment.\u00a0 The owner of the cargo consigns the product to a Freight carrier for transporting it to the consignee. The ownership of the Freight does not legally change until the recipient of the goods signs the BOL. The\u00a0bill of lading (BOL)\u00a0is the Transport Document required in the shipment process that provides all parties, the consignor, consignee and carrier.\u00a0 The BOL contains all the relevant details required to ship the product and then invoice the transaction correctly once the transaction is completed. Disclaimer Our content is not in any way legal advice or binding. The information provided by might not be the official legal or full definition. Also when pursuing a specific transaction you are encouraged to conduct your own due diligence and to consult legal counsel as appropriate.<\/p>\n","protected":false},"template":"","class_list":["post-20213","logistics_term","type-logistics_term","status-publish","hentry","wpbf-post"],"yoast_head":"\n