Tags: Glossary

The transfer of ownership or rights of a shipment or its proceeds from one party to another.

What does Assignment refer to in Shipping?

Assignment in shipping refers to the transfer of ownership or other rights related to a shipment or transportation contract from one party to another. For example, a carrier may assign its rights and obligations under a shipping contract to another carrier. 

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Al Sharqi Shipping is a leader in the logistics industry with more than 30 years of experience in guiding and moving freight across the globe.

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