Definition
The party named on a transport document as the receiver of the goods — usually the buyer or their nominated agent. On an ocean bill of lading the consignee (or the holder, if consigned to order) controls delivery of the cargo, so banks are often named consignee under letters of credit until payment is secured. Getting the consignee details exactly right matters: amending a bill of lading after sailing costs time and fees.
Frequently asked questions
What is Consignee?
The party named on a transport document as the receiver of the goods — usually the buyer or their nominated agent. On an ocean bill of lading the consignee (or the holder, if consigned to order) controls delivery of the cargo, so banks are often named consignee under letters of credit until payment is secured. Getting the consignee details exactly right matters: amending a bill of lading after sailing costs time and fees.
Which glossary terms are related to Consignee?
Consignee is a documentation term in the South African import/export industry. Related terms in the same area include Air Waybill (AWB), ATA Carnet, Bill of Lading (BoL), Cargo Manifest, Certificate of Conformity — each has its own plain-English definition in the TradeCaravan glossary.