Glossary
Assignment
Tags: Glossary,
The transfer of ownership or rights of a shipment or its proceeds from one party to another.
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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.
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.
Related Glossary terms
→ Assignment of Proceeds
→ Bailment
→ Carrier
→ Shipment
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