Define: Reconsignment

Reconsignment
Reconsignment
Quick Summary of Reconsignment

Reconsignment refers to the modification of shipment terms while the goods are in transit. This entails altering the initial agreement regarding the destination of the goods and the party responsible for them. It can be likened to changing the delivery address of a package after it has already been dispatched for delivery.

Full Definition Of Reconsignment

Reconsignment is the modification of the terms of a consignment while the goods are en route. For example, if a company sends goods to a retailer on consignment, meaning the retailer will only pay for the goods once they are sold, but the retailer realises they won’t be able to sell them all while the goods are in transit, they may request a reconsignment. This would change the terms of the agreement, and the company may agree to redirect some of the goods to a different retailer or warehouse. This demonstrates how reconsignment can occur when the terms of a consignment need to be adjusted while the goods are still in transit, providing flexibility in the agreement and benefiting both parties involved.

Reconsignment FAQ'S

Reconsignment refers to the process of changing the destination of a shipment after it has already been in transit.

Yes, you can request a reconsignment for your shipment, but it is subject to the policies and procedures of the shipping company or carrier.

There may be a fee for reconsignment, depending on the shipping company or carrier’s policies. It’s important to check with them before requesting a reconsignment.

You can typically request a reconsignment by contacting the shipping company or carrier directly and providing them with the necessary information and documentation.

You will likely need to provide the original shipment details, the new destination address, and any other relevant information requested by the shipping company or carrier.

Reconsignment may not be available for all types of shipments, so it’s important to check with the shipping company or carrier to see if it is an option for your specific shipment.

If the reconsignment request is not approved, the shipment will continue to its original destination as planned.

You may be able to track the status of your reconsignment request through the shipping company or carrier’s tracking system or by contacting their customer service.

There may be restrictions on reconsignment for certain types of goods, such as hazardous materials or perishable items. It’s important to check with the shipping company or carrier for any restrictions.

If you encounter any issues with the reconsignment process, you should contact the shipping company or carrier’s customer service for assistance.

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This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 17th April 2024.

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