Which term describes the party who 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 term describes the party who receives property being transported by a carrier?

Explanation:
The party who receives property being transported by a carrier is the consignee. This term refers to the recipient named in the shipping documents who takes delivery at the destination. The consignor is the sender who ships the goods, a bailee is someone who holds possession of the goods temporarily (like a warehouseman or repair shop), and a pledge is a security interest used to collateralize a loan—not the recipient of the shipment. So the consignee is the one who receives the transported property.

The party who receives property being transported by a carrier is the consignee. This term refers to the recipient named in the shipping documents who takes delivery at the destination. The consignor is the sender who ships the goods, a bailee is someone who holds possession of the goods temporarily (like a warehouseman or repair shop), and a pledge is a security interest used to collateralize a loan—not the recipient of the shipment. So the consignee is the one who receives the transported property.

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