What is a Consignment?

What is a Consignment? What are its features?

One of the most important documents used in foreign trade is the consignment.

The Consignment (Bill of Lading) used in shipping; Representing the right to property and (depending on how it is organized) With turnover, the goods have changed handsFor the transfer of rights to take place the document must be delivered It's valuable paperwork.

For the delivery of goods in writing at the consignment the document's Hebrew and Handover need; With turnover, property can be transferred to someone else.

In other transport documents, the situation is different;

• Airway transport (Air Waybill) is a receipt, not a valuable document. The ownership of the property by turnover and delivery of the document is not deducted. The seller has the right to change the purchaser of the goods with the original for shipper copy of the 3rd copy (before the opposite party withdraws the goods).
• The Highway transport bond CMR (Convention Merchandise Routier) used for trucking is also not in the provision of valuable paperwork. The sender who holds the first copy may change the recipient and the delivery location before the delivery of the product to the other party with the offering of this copy.

The naval consignment can be arranged in three ways in terms of turnover;

• Nama written consignment
• The written consignment
• Commemoration written on the bearer

In the nama written consignments, the goods are delivered only to the written side of the consignment, which cannot be delivered to another through turnover; in the consignment, the importer who is the buyer of the property is written.

The transfer of goods in written bills takes place with the turnover of the document, whichever name the document is arranged for.

Prescribed consignments are quite risky and are therefore used very little. The bearer of the document may request that the property be delivered to him.

The transfer of the property to another is carried out by turnover in consignments arranged to the order and patron.

Today, however, it is being studied on the digitization of foreign trade processes with new blockchain-based technological infrastructures, and the work on electronic presentation of documents used in foreign trade is also one of the main topics. In the same way, different platforms working on the electronic offering of the consignment perform successful trials. Of course, in order for these practices to be valid, legal regulations must first be accepted, which has come a long way in Singapore and the UK.

So in the coming periods, with the provision of legal infrastructure and the spread of technological infrastructure, we will be seeing the transfer of the electronic offering and the right to property of the consignments.

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