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 ?
transhipment at sea for purse seine vessels while allowing it for other
The WCPF Convention endeavors to limit transhipment at sea by
establishing both a general framework for transhipment and a specific
prohibition against transhipment at sea by purse seine vessels.
the extent practicable." (69) For any transhipment, including
transhipment on the high seas, the WCPF Convention requires all vessels
the WCPFC to gather any information to fully monitor the transhipment.
(70) In addition, any transhipment in port or in waters under national
the WCPFC may adopt, (72) transhipment at sea by purse seine vessels
(75) The second exempted transhipment activities involving
an exemption for transhipment on the high seas by a purse seine vessel.
the WCPF Convention's prohibition against transhipment at sea by