17:28
Idk, what's it for?
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Simple English definitions for legal terms
trading voyage
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A quick definition of trading voyage:
A trading voyage is when a ship travels from one port to another, stopping at different ports along the way to buy, sell, or exchange goods on behalf of the ship's owners and shippers. This is different from a freighting voyage, which only involves transporting cargo between two points. A foreign voyage is when a ship travels to a port in another country, while a trading voyage can take place within the same country.
A more thorough explanation:
A trading voyage is a type of maritime journey where a vessel stops at various ports to buy, sell, or exchange commodities on behalf of the owners and shippers. This type of voyage involves trading activities and is different from other types of voyages such as freighting voyages or foreign voyages.
- A ship travels from port to port to buy spices, textiles, and other goods to sell in other countries.
- A fishing boat stops at different ports to sell its catch to local markets.
These examples illustrate how a trading voyage involves stopping at different ports to engage in commercial activities such as buying and selling goods. The purpose of the voyage is to trade and make a profit for the owners and shippers of the vessel.