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1. |
Ownership:
Consignment:
Ownership is not transferred to the
consignee, it remains with the
consignor.
Sales:
Ownership passes to the buyer.
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2. |
Relationship:
Consignment:
Relationship between consignor
and consignee is that of principal
and agent.
Sales:
Buyer is the debtor of seller until
his account is settled. |
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3. |
Risk of Damages:
Consignment:
Consignee holds the goods at the
risk of the consignor, so any damage
to the goods is a loss to the
consignor.
Sales:
Any damage to the goods is the
loss of the buyer. |
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4. |
Return of Goods:
Consignment:
The consignee may return the
goods to the consignor if not sold.
Sales:
Goods once sold are generally not
returned. |
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5. |
Expenses After Delivery:
Consignment:
Expenses after deliver are born
by the consignor.
Sales:
Expenses after deliver are born
by the buyer |
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6. |
Forwarding Document:
Consignment:
Forwarding document is
proforma-invoice.
Sales:
Forwarding document is invoice.
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