Differentiate between Consignor and Consignee.

Consignor:
A consignor is the individual or entity that sends or ships goods or products to another party. Also known as the shipper, the consignor is the party initiating the transportation of goods. The consignor is responsible for packaging, labeling, and preparing the goods for shipment. They may choose the mode of transportation and the carrier to transport the goods to the intended destination. The consignor retains ownership of the goods until they are sold or received by the consignee.

Consignee:
A consignee is the individual or entity to whom the goods are sent or delivered. Also known as the receiver or recipient, the consignee is the party receiving the shipped goods. The consignee may be the intended buyer or the entity to whom the goods are entrusted for further distribution or handling. Upon receiving the goods, the consignee assumes ownership, and they are responsible for inspecting and accepting the shipment. In business transactions, the consignee may be required to pay for the goods upon receipt or according to the agreed-upon terms.

In essence, the consignor initiates the shipment, and the consignee receives and takes ownership of the goods upon delivery. The roles of consignor and consignee are integral in supply chain logistics and trade transactions.