Transshipment

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Related to tranship: transship, transshipment point

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 ?
The variable Tranship accounts for the post-1973 presence of inter-territorial sales (either dock sales or transshipping) by wholesalers.
TBTL is designed to tranship bulk commodities, including coal, potash and agri-products on a direct hit basis from rail cars to vessels located on Lake Superior.
SOCAR tranships oil from its own fields and from joint ventures and companies operating onshore in Azerbaijan, through Novorossiysk.