COMMON TRADE TERMS continued
Consignment / Handle for my account – PACA TERMS
• Not a sale, it establishes an agency relationship • Consignor (Shipper) retains title to produce and receives proceeds of sales • Consignee (Receiver) sells produce on consignor’s (Shippers) behalf and retains commission • Consignee (Receiver) must provide a detailed accounting reflecting sale prices of each carton plus itemized expenses
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