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Consignment

A consignment differs from a typical sale in one key aspect: ownership. While the goods are shipped (consigned) to a recipient (consignee), the consignor (sender) often retains ownership until certain conditions are met.

In simple terms, a consignment is a loan of goods. The consignee receives and takes care of the goods, but they don’t necessarily own them outright. The ownership transfer usually happens when the consignee sells the goods or fulfills a specific agreement with the consignor.