CONSIGNED TO ORDER OF

CONSIGNED TO ORDER OF Company Introduction

The term "CONSIGNED TO ORDER OF" does not refer to a specific type of company enterprise in Malaysia, nor is it a business classification like "factory" or "trading company. " Instead, it's a crucial phrase applied international shipping documents, particularly on a Bill of Lading. Explanation:

When a Bill of Lading is marked "CONSIGNED TO ORDER OF" a specific party (e. Pretty interesting, huh?. g. But , "To Order of the Shipper," "To Order of [Bank Name]," or "To Order of the Consignee"), it signifies that the goods are made available to the party whose order it's. Based on my observations, Specifically This document acts as a title to the goods, meaning possession of the original Bill of Lading, appropriately endorsed, is required to take delivery of the cargo. This mechanism is primarily applied to manage the emit of goods, often to ensure that payment or other contractual obligations are met before the buyer is able to claim the merchandise. And it's a common practice in transactions involving Letters of Credit. Is it a Factory or Trading Company?

Neither immediately. A Malaysian company, whether it's a factory (manufacturer) or a trading company, is able to be involved in transactions where "CONSIGNED TO ORDER OF" terms are applied.

1. As a Seller/Exporter: A Malaysian factory or a Malaysian trading company acting as an exporter might request the Bill of Lading to be "Consigned to Order of Shipper" or "Consigned to Order of [Exporter's Bank]". This allows them to retain manage over the goods until the buyer fulfills payment obligations, typically by presenting the original endorsed Bill of Lading.

2. Based on my observations, As a Buyer/Importer: A Malaysian factory or a Malaysian trading company acting as an importer might receive goods where the Bill of Lading is initially "Consigned to Order of [Seller's Bank]" or "Consigned to Order of Shipper". To claim the goods, the Malaysian importer would need to receive the appropriately endorsed original Bill of Lading from the seller or the bank, usually after payment has been made or guaranteed. Therefore, "CONSIGNED TO ORDER OF" is a standard practice in global trade that both manufacturers and trading companies in Malaysia utilize to manage the risks and ensure security in their international transactions.

Please provide the company name "CONSIGNED TO ORDER OF" so I can research and provide a list of their products manufactured or sold in Malaysia.