Transshipment

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Transshipment

The passing goods from one ocean vessel to another.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
In the long term the ports operators, the Antwerp port authority, from Belgium, envisage that much of the business of the new port of Duqm will be in the trans-shipment of goods.
The sources further stated that under section 3 of the Act, goods and technologies notified in the control lists (SRO 1142(1)/2016) were subject to licence if intended for export, re-export, transit and trans-shipment to ensure that these were neither deviated nor used in any activity related to the development, production or use of nuclear and biological weapons and their delivery systems.
The decision on building the terminal had been made before the car maker decided to come here.The initiative to build the trans-shipment centre came from ZSR and was meant for all goods from the Nitra industrial park.
Warehousing/Container Yards: Due to trans-shipment there will be a lot of requirement of warehousing and container yards.
The Deep Sea Trans-shipment Port will be developed in phases and construction for the first phase is set to be completed by 2018.
Under the agreement we [Bangladesh] will now be able to use Indian roads, railways and waterways [for the] trans-shipment of goods to Bhutan and Nepal," Cabinet Secretary M.
"Oman's strong transportation and logistics requirements stem from its centralised location in the Arabian Gulf, which makes it a trans-shipment centre and an ideal gateway for goods moving to the interior parts of Saudi Arabia, the UAE and Yemen," said Frost & Sullivan Automotive and Transportation Programme manager Srinath Manda.
The Government is looking for private investors that would want to build logistics centers where trans-shipment of goods will be carried out from freight trucks to smaller freight carriers which will afterwards distribute the goods to bigger cities
He said his trans-shipment port will be built at no expense to taxpayers, without incurring US$750 million in debt to the Chinese government, and without causing commercial vehicular traffic to pass through residential parts of La Brea.
The changes include providing the Exchange with the flexibility to prescribe additional loading ports, disallowing pre-breaker rubber, bringing the deadline for the submission of delivery documents forward, adjusting the performance deposit, clarifying the apportionment of costs between members, and removal of trans-shipment as an option.
Officials note that the cause of the decline in container throughput was due to one key customer diverting trans-shipment traffic.
The proposed location for the intermodal hub for trans-shipment and storage of frozen and refrigerated products is the Prins Willem Alexanderhaven, part of the current ECT City Terminal.
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