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Who is an Importer in International trade? Whom to be called a Consignee in exports and imports? How to differentiate between Consignee and Importer in import and export business?
Who is an Importer in Exports and Imports trade?
Importer is an individual or a firm authorized by the government of respective country to act as an ‘Importer’ to bring goods or services in a country from outside countries. The importer is responsible completing necessary legal import customs clearance procedures and formalities on arrival of goods in to a country. However,he can resell cargo before arrival of goods to a third party and need not be a final buyer. In other words, the title of cargo can be transferred before arrival of goods.
Who is a consignee in Imports and Exports?
Consignee is an individual or a firm to whom the cargo is consigned by shipper.
Consignee may or may not be an actual buyer of goods. If freight forwarding is involved in a shipment, the consignee of MAWB or MBL may be the said freight forwarder and not the final buyer of goods. Consignee need not be a government registered importer. Also read Know the term Port of Discharge and Place of Delivery. Non receipt of Cargo Arrival Notice, Can importer sue against shipping company
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