In the transport and logistics industry, ‘consignment’ refers to a shipment of goods or items sent by one person or business (the consignor) to another person or business (the consignee). The consignor retains ownership of the goods until they are received and accepted by the consignee. The consignee is responsible for checking the shipment and taking ownership upon delivery. Consignment allows for efficient movement of goods and enables businesses to sell products without physically being present in other locations. It simplifies the process of distributing goods and ensures smooth supply chain operations by delivering goods directly to their intended recipients.
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