Global Sourcing Logistics: How to Manage Risk and Gain Competitive Advantage in a Worldwide Marketplace

Consignment: Delivery of merchandise from an exporter

(the consignor) to an agent (the consignee) under the

agreement that the agent sell the merchandise for the ac-

count of the exporter. The consignor retains the title to

the goods until the consignee has sold them. The con-

signee sells the goods for commission and remits the net

proceeds to the consignor.

Consolidator: An agent who brings together a number of

shipments for one destination to qualify for preferential

rates.

Cost, insurance, freight (CIF): A system of valuing

imports that includes all costs, insurance, and freight

involved in shipping the goods from the port of embarka-

tion to the destination.

Countertrade: The sale of goods or services that are paid

for in whole or part by the transfer ...