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In a contract of carriage, the consignee is the entity who is financially responsible (the buyer) for the receipt of a shipment. [ 2 ] If a sender dispatches an item to a receiver via a delivery service, the sender is the consignor , the recipient is the consignee , and the deliverer is the carrier .
The consignee is not responsible for damage of goods during transport or any other procedure. Goods are sold at the risk of the consignor with profit or loss belonging to the consignor only. A consignor who consigns goods to a consignee transfers only possession, not ownership, of the goods to the consignee. The consignor retains title to the ...
A waybill is a document issued by a carrier acknowledging the receipt of goods by the carrier and the contract for shipment of a consignment of that cargo. [1] Typically it will show the names of the consignor and consignee, the point of origin of the consignment, its destination, and route.
A consignment agreement is an agreement between a consignee and consignor for the storage, transfer, sale or resale and use of the commodity. The consignee may take goods from the consignment stock for use or resale subject to payment to the consignor agreeably to the terms bargained in the consignment agreement. The unsold goods will normally ...
A contract of carriage is a contract between a carrier of cargo or passengers and the consignor, consignee or passenger. [1] [2] Contracts of carriage define the rights, duties and liabilities of parties to the contract, addressing topics such as acts of God and including clauses such as force majeure (removing liability for extraordinary occurrences beyond control of the parties).
The consignoris the party to a contract that dispatches goods to another party on consignment. [1] In a contract of carriage, is the party sending a shipment to be delivered whether by land, sea or air. [2]
A delivery order (abbreviated D/O [1]) is a document from a consignee, or an owner or his agent of freight carrier which orders the release of the transportation of cargo to another party. [2] Usually the written order permits the direct delivery of goods to a warehouseman , carrier or other person who in the course of their ordinary business ...
Air waybills are issued in eight sets of different colours. The first three copies are classified as originals. The first original, green in colour, is the issuing carrier's copy. The second, coloured pink, is the consignee's copy. The third, coloured blue, is the shipper's copy. A fourth yellow copy acts as the Delivery Receipt or proof of ...