GLOSSARY

Commodity

A specification of goods/product types, e.g. toys, electronics or welding machinery.

What is Commodity?

Commodity is a specification of goods/product types, e.g. toys, electronics or welding machinery. When empty containers are shipped each unit is documented as a cargo and when goods are stored within, the contents are termed as containerized cargo. Commodity may be defined as a raw material or product that is traded, such as ores, grain, coffee etc. Commodity becomes Cargo when it enters the transportation realm.

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