Consignment

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A consignment refers to goods shipped by a consignor to a consignee, often under an arrangement where ownership remains with the shipper until the goods are sold or accepted. In logistics, the term also describes the entire shipment covered by one transport document. Consignment arrangements are common in retail distribution and international trade. The consignor retains title while the consignee sells the goods on commission. Proper documentation ensures clarity regarding liability, ownership, and payment terms.