ShipCalculators.com

In transit cargo

C1. Commercial shipping, chartering, economics and finance

Definition

Cargo carried under through bills of lading.

In-transit cargo is goods moving under a single through or combined transport bill of lading across more than one carrier or mode before final delivery, still in the carriage chain rather than at origin or destination. The issuing carrier takes responsibility for the whole movement and arranges on-carriage by the connecting line, road, or rail. The through bill sets one contract and one set of terms for the entire door-to-door or port-to-inland move. Liability allocation between carriers turns on the network-liability clauses in the multimodal bill and the conventions governing each leg.

Source: UNCTAD/ICC Rules for Multimodal Transport Documents