transshipment
Definition
Transfer of a shipment from one carrier, or more commonly, from one vessel to another whereas in transit. Transshipments are usually made (1) where there is no direct air, land, or sea link between the consignor's and consignee's countries, (2) where the intended port of entry is blocked, or (3) to hide the identity of the port or country of origin. Because transshipment exposes the shipment to a higher probability of damage or loss, some purchase orders or letters of credit specifically prohibit it. Also spelled as transhipment.
email to a friend
print this definition
cite this definition
link to this page
transshipment is in the International Trade & Relations and Shipping, Transport, & Travel subjects.
transshipment appears in the definitions of the following terms: direct service and transhipment
This content can be found on the following page:
http://www.businessdictionary.com/definition/transshipment.html







