What is authorized consignor in SAP SD-FT - Foreign Trade?

SAP Term: authorized consignor

• Component: SD-FT

• Component Name: Foreign Trade

• Description: A party granting permission to ship goods. Customs procedures can be simplified by authorizing shippers to complete export declarations for submission to the customs authorities Art. 398 DVO at their place of business.

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• Key Concepts: 
  An authorized consignor is a company that is authorized by customs authorities to send goods to other countries without having to pay duties or taxes. This authorization is granted by the customs authorities of the country in which the consignor is located. The consignor must meet certain criteria in order to be eligible for this authorization. 
  
  How to use it: 
  In SAP, authorized consignors are used in the Foreign Trade module (SD-FT). This module allows companies to manage their international trade activities, including the management of authorized consignors. The module allows companies to set up and maintain records of authorized consignors, as well as manage the documents associated with them. 
  
  Tips & Tricks: 
  When setting up an authorized consignor in SAP, it is important to ensure that all of the necessary information is entered correctly. This includes the name and address of the consignor, as well as any other relevant information such as contact details and authorization numbers. It is also important to ensure that all documents associated with the consignor are up-to-date and accurate. 
  
  Related Information: 
  For more information on authorized consignors and how to set them up in SAP, please refer to the SAP Help documentation for the Foreign Trade module (SD-FT). Additionally, there are a number of online resources available that provide detailed information on setting up and managing authorized consignors in SAP.