What is the difference between consignor and consignee

Now, who is the consignor and who is the consignee in this transaction? A consignor sometimes spelled consigner is the person who is giving over the merchandise. In our above example, the art collector would be the consignor.

Here are a few more examples of consignor in a sentence. A consignee is the person or place to whom something is co-signed. In our above example, the gallery that is tasked with the job to sell the painting is the consignee. Here are a few more examples of consignee in a sentence. The consignor is the person who actually owns the property to be sold. The recipient of a consignment is usually referred to as the consignee. The consignee however is only the receiver and not the owner of said goods.

The ownership of the goods only transfers to the consignee when the party pays the consignor in full for the goods included in the consignment transaction. Usually the person who does receive the goods as a consignment is always the consignee. Thus, the document that is drawn up as a contract by the carrier fills up the name of the sender as the consignor.

In a consignment, the receiver of the goods is termed as consignee. A consignee is only a receiver and not the owner of the goods. The ownership is transferred, only when, the consignee has paid in full for the goods to the consignor. In many cases, a consignee is only an agent receiving the goods from the consignor. It is, only when, he has acted on behalf of the consignor to sell the goods and remitted the value of the goods after deducting his commission and expenses that the ownership is transferred to him.