see consignment.

Goods placed with another party without transferring ownership. See consigned goods. To Top

Scrap shipped to consumer to be paid for at a later pre-determined date. Ownership of the scrap remains in the hands of the broker until paid for.

goods shipped with payment made to the shipper as the goods are sold at destination. The shipper retains ownership. (Foreign exchange control regulations require payment within six months unless otherwise specifically authorised).

Delivery of merchandise from an exporter (the consignor) to an agent (the consignee) under agreement that the agent sells the merchandise at an agreed price or at the best possible price for the account of the exporter. The consignor retains title to the goods until the consignee has sold them. The consignee sells the goods for commission and remits the net proceeds to the consignor in a final settlement often known as a consignment account.