Transshipment(redirected from Transhipment)
Also found in: Dictionary, Thesaurus, Legal, Wikipedia.
The passing goods from one ocean vessel to another.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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