Which party receives property being transported by a carrier?

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Study for the Chartered Property Casualty Underwriter 530 Exam with flashcards and multiple choice questions. Each question has hints and explanations to enhance your understanding and prepare you thoroughly.

Multiple Choice

Which party receives property being transported by a carrier?

Explanation:
Receiving the property at delivery is the consignee. In shipping, the consignor is the shipper who hands the goods to a carrier for transport, and the carrier acts as a bailee while delivering and safeguarding the goods. The consignee is the person or business named to receive the goods at destination and take possession upon delivery. Collateral is unrelated here; it’s property pledged to secure a loan. So the party who actually receives the goods being transported is the consignee.

Receiving the property at delivery is the consignee. In shipping, the consignor is the shipper who hands the goods to a carrier for transport, and the carrier acts as a bailee while delivering and safeguarding the goods. The consignee is the person or business named to receive the goods at destination and take possession upon delivery. Collateral is unrelated here; it’s property pledged to secure a loan. So the party who actually receives the goods being transported is the consignee.

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