What is the Difference Between Buyer and Consignee?

The main difference between a buyer and a consignee lies in their roles in the process of acquiring and receiving goods:

• Buyer: A buyer is an individual who purchases products or services in exchange for money. They are responsible for obtaining goods and services, either for their own use or for resale. Buyers can be consumers purchasing products for personal use or businesses purchasing goods to resell or use in their operations.
• Consignee: A consignee is a person who is responsible for receiving a shipment of goods. They are the recipients of the goods, and their role is to ensure that the goods are safely delivered to the appropriate destination. The consignee may also be the buyer of the goods, but there are times when the consignee is not the buyer and is an agent appointed by the buyer to receive the goods on their behalf.

In summary:

• Buyers are individuals who purchase goods and services in exchange for money.
• Consignees are responsible for receiving shipments of goods.

Both the buyer and consignee have legal possession of the goods once they make full payment, and they can choose to do as they please with the goods.

Comparative Table: Buyer vs Consignee

The main difference between a buyer and a consignee is that a buyer is an individual who purchases products or services in exchange for money, while a consignee is the receiver of the goods or shipment. Here is a table highlighting the differences between a buyer and a consignee:

In most cases, consignees are also buyers, but there are instances where the consignee is not the final buyer but rather a middleman or agent appointed by the buyer to receive the goods.