Consignee
The party designated to receive the cargo upon delivery.
Definition
The party designated to receive the cargo upon delivery. The consignee is often the buyer or recipient listed on the Bill of Lading (BOL) and is responsible for arranging customs clearance paying duties and collecting the shipment
Related Terms
CFS (Container Freight Station)
A designated warehouse or facility where LCL (Less than Container Load) shipments are consolidated or deconsolidated before being moved to their final destination.
CAF (Currency Adjustment Factor)
A surcharge applied by carriers to account for currency fluctuations between the origin and destination countries.
Carnet
A document that allows for the temporary importation of goods without the need to pay duties or taxes.
Cargo Insurance
A form of protection that covers loss or damage to cargo during transit.
Cargo Manifest
A detailed list of all cargo loaded onto a ship aircraft or truck.
Carrier
A company or individual responsible for transporting goods from one location to another.
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