A logistical arrangement where one shipper exchanges a scheduled cargo slot or batched shipment with another shipper. This swap allows companies to adjust to sudden supply chain disruptions, manufacturing delays, or changes in vessel availability without losing their spot on a departing ship. Both parties must coordinate with the carrier to update the manifests and loading plans.
The mill is running three days behind, so we need a time trade with another exporter to take our Wednesday slot.
Related terms
Tramp trade
The shipping of cargo on vessels that do not have a fixed schedule or published itinerary.
General cargo
Goods shipped as individual units rather than in bulk or standard shipping containers.
Bill of lading
A legal document issued by a carrier detailing the type, quantity, and destination of cargo being carried.