The terms of a consignment arrangement are frequently governed by a written agreement between the consignor and consignee. Consignor definition, a person or company that consigns goods, merchandise, etc. 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. Here are a few more examples of consignor in a sentence. Consignor happens to be the sender of the goods while consignee happens to be the … In a contract of carriage, the consignee is the entity who is financially responsible (the buyer) for the receipt of a shipment.Generally, but not always, the consignee is the same as the receiver. The consignor is the exporter of record for your shipment. The consignor is usually one of the following: The factory where your goods are manufactured. To put in or assign to an unfavorable place, position, or condition: "Their desponding imaginations had long since consigned him to a watery grave" (William Hickling Prescott). Learn more. Consignor means or refers to a person to whom the goods belong; he or she is the owner of the goods while consignee means or refers to person to whom the goods are sent and who in turn sells the goods to third parties. Recent Examples on the Web The co-op, which has been in existence for nearly 40 years, has about 30 members and consignees. consignor definition: a person or company that sends goods to someone, usually the person who is buying them: . A consignor (sometimes spelled consigner) is the person who is giving over the merchandise. 2. a. Define consignee. To give over to the care or custody of another. This means the consignor keeps a record of consigned inventory on its books until the goods are ultimately sold to a third party. The consignee is considered to be the owner of the consignment for the purpose of filing the customs declaration, and for paying duties and taxes. The owner consigns the shipment to a freight carrier to transport the good to the consignee that will eventually take ownership of … Financial Intermediary A financial intermediary refers to an institution that acts as a middleman between two parties in order to facilitate a financial transaction. Also spelled as consigner. Person or firm (usually the seller) who delivers a consignment to a carrier for transporting it to a consignee (usually the buyer) named in the transportation documents. consignee: A party (usually a buyer) named by the consignor (usually a seller) in transportation documents as the party to whose order a consignment will be delivered at the port of destination. b. 1. A consignor is the owner of the product, where the consignee is the buyer of the product. In a business deal, the manufacture or the owner sends his goods to the buyer; this act is referred to as consignment, wherein the owner sends his goods through the agents to … The consignor, in a contract of carriage, is the person sending a shipment to be delivered whether by land, sea or air.Some carriers, such as national postal entities, use the term "sender" or "shipper" but in the event of a legal dispute the proper and technical term "consignor" will generally be used. Here’s a breakdown of the main differences between a shipper, consignee, and notify party and their various roles in the shipping process. In layman terms, the ‘consignor’ or the ‘shipper’ is the sender of the goods, while the ‘consignee’ is the receiver of the goods. 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.