Transshipment: Meaning, Definition & Importance in International Trade

Transshipment, also known as 'transhipment', is the process of transferring goods from one mode of transport to another during their journey. In international trade and logistics, 'transshipment' typically refers to the transfer of goods from one transport vehicle to another during their journey between two or more countries or regions. This process is crucial for ensuring the quick, efficient, and secure transportation of goods.