Updated: Aug 20, 2021

This occurs where goods are moved from one ship to another. Certain Customs regulations must be observed and these vary according to whether the goods are dutiable or not.

Reference: The Penguin Business Dictionary, 3rd edt.

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James Knight
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James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.