Are Consignee and Consignor the Same?

A consignor is an individual or party that brings a good to be sold on their behalf by another party, which is called the consignee. The consignee acts as a sort of middleman. ... The consignor keeps the title/ownership of the property until it is transferred to or sold to the final party.

What is difference between consignor and consignee?

The person who ships the goods is the consignor (exporter), while the receiver is the consignee (importer). For example, when an artist arranges with an art gallery to sell his paintings to a third party, the artist becomes the consignor, and the latter becomes the consignee.

Are consignee and consignor partners?

The consignor is the sender of a consignment while the consignee is the receiver of the consignment. The consignee may be a buyer or just an agent who acts on behalf of the consignor. The ownership of the goods or the consignment remains with the consignor until the goods have been paid for in full by the consignee.