Also found in: Dictionary, Thesaurus, Financial, Acronyms, Wikipedia.
Related to consignee: Ultimate Consignee


n. a person or business holding another's goods for sale or for delivery to a designated agent. (See: consign)

See: delegate, guarantor, heir, licensee, nominee, payee, receiver, recipient, surety, transferee

CONSIGNEE, contracts. One to whom a consignment is made.
     2. When the goods consigned to him are his own, and they have been ordered to be sent, they are at his risk the moment the consignment is made according to his direction; and the persons employed in the transmission of the goods are his agents. 1 Liverm. on Ag, 9. When the goods are not his own, if he accept the consignment, he is bound to pursue the instructions of the consignor; as if the goods be consigned upon condition that the consignee will accept the consignor's bills, he is bound to accept them; Id. 139; or if he is directed to insure, he must do so. Id. 325.
     3. It is usual in bills of lading to state that the goods are to be delivered to the consignee or his assigns, he or they paying freight; in such case the consignee or his assigns, by accepting the goods, by implication, become bound to pay the freight, Abbott on Sh. p. 3, c. 7, Sec. 4; 3 Bing. R, 383.
     4. When a person acts, publicly as a consignee, there is an implied engagement on his part that he will be vigilant in receiving goods consigned to his care, so as to make him responsible for any loss which the owner may sustain in consequence of his neglect. 9 Watts & Serg. 62.

References in periodicals archive ?
1996 of the Bucharest Sector 1 Court, Commercial Division, ,,the conclusion of the contract may be tacit; it may result from the execution of the assignment received by the consignee from the consignor".
Once movable goods are sold, the consignee shall remit the consignor the amount of money representing the sale price.
On the other hand, the performance of the consignment agreement gives rise to legal effects in relations between the consignee and third parties.
The Responsibility of the Consignee to Pay the Demurrage
The consignee is normally the party responsible for following the procedures required to receive the cargo from the shipping carrier or his agents.
The consignee who attends to the carrier/carrier's agents and obtains the D/O will, therefore, be liable to pay demurrage if he delays in returning the containers back empty or does not complete the procedure of delivering the cargo from the containers.
Even where a consignment transaction is a "sale or return," the UCC protects the consignor from the claims of the consignee's creditors and from the effects of the consignee's bankruptcy filing where the consignee satisfies one of the following three requirements:
The consignor must prove that the consignee's creditors generally knew that the consignee is substantially engaged in the business of selling goods owned by others; or
But the study concluded that although further analysis is needed to fully understand the cost implications for shippers and carriers, consignees and service providers might embrace the concept of off-peak deliveries if provided with the right financial incentives.