Transshipment

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Related to Transhipping: transshipping

Transshipment

The passing goods from one ocean vessel to another.

Transshipment

The transfer of goods from one ship or other vessel to another, especially while in transit. One may think of transshipment as a layover in the importing and exporting of goods. Because it exposes the buyer to the risk that the goods will be damaged in transit, some letters of credit prohibit transshipment. The term is also spelled as transhipment.
References in periodicals archive ?
As chance would have it, transhipping began that same year, and the market began to fragment.
The breweries didn't seem to think transhipping was a bad deal either, because they thought the smaller houses in the state would get weeded out.
In the short-term, the transhipping performance will be addressed by chartered geared ships capable of loading from the barges while work carries on to redesign and re-engineer the loading and offloading configuration, said the firm.
Many suppliers don't want to do anything about transhipping," Bergson observes, "but I think the suppliers who concern themselves with market integrity are the successful ones.