A B C D E F G H I J K L M N O P Q R S T U V W

Trade documents

Paper documents (or electronic files) used in international trade that prove that certain events have taken place. For convenience, the documents commonly used in international trade may be grouped by function into five categories: Commercial: the invoice and packing list….

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Tradeoffs

Interaction between related activities such as the offsetting of higher costs in one area with reduced costs or other benefits in another. In air freight, for example, the classic “tradeoff” is one of time (quick delivery) versus money (greater expense).

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Tramp vessel

A vessel which does not operate under any regular schedule from one port to another, but calls any port where cargo may be obtained. To be distinguished from liner ships, operating according to advertised routes, schedules and rates.

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Transit zone

The area surrounding a port of entry in a coastal country that serves as a storage and distribution center for the convenience of a neighbouring country – a landlocked country, for example – lacking adequate port facilities or access to…

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Transshipment

This term can have several meaning depending on the context in which is used. The literal definition is passing of shipped goods from one carrier to another, Under this strict definition, all through transport shipment would involve transshipment. A more…

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