A shipment is an agreement resulting from a contract in which one person, shipper, ships goods or entrusts goods to another, the consignee. When the goods are transported by a carrier to the consignee, the name of the consignor appears on the bill of lading as the person from which the goods were received for shipment. The name of the consignee appears on this point as the person to whom the delivery is to be made. The consignee acts as an intermediary on behalf of the consignor, a principal, when selling the goods and must properly maintain them in his possession. The sender does not give up ownership of the goods until the time of their sale. In accordance with the terms of the consignment contract, the consignee undertakes to pay the sender a balance of the price received for all goods sold, which has been reduced by a royalty, usually a small percentage of the sale price. Unsold goods are returned to the sender. THE SHOW. Goods or goods dispatched by a common carrier from one or more persons designated as consignors from one place to one or more persons designated as consignees in another state of health. This term also means goods shipped by one person to another person, which the latter must sell or dispose of for and on behalf of the former.
v. sending goods to someone who sells them for you or transports them for you. (See: sender, receiver). The sender is usually responsible for paying any fees. The rights and obligations of the consignor and consignee, on the one hand, and of the carrier of the goods, on the other, are generally governed by the terms of the contract of carriage. See bill of lading, air freight, railway, railway, road transport, maritime transport. Frequent short expressions: 1-400, 401-800, 801-1200, Plus Delivery of goods to a carrier that are shipped to a particular person for sale. A deposit of goods for sale….