DEFINITION of 'Entrepôt'

A seaport or warehouse where goods are stored until they are shipped. The goods do not face any import or export duties upon shipment from the port or warehouse.

BREAKING DOWN 'Entrepôt'

The use of entrepôts dates back to the original long distance sea trade routes. The benefit of the entrepôt in the past was that it removed the need for ships to travel the whole distance of the shipping route. The ships would sell their goods to the entrepôt and the entrepôt would in turn sell them to another ship, removing the large risks associated with long distance travel in the past. For example, if a ship was carrying spices from China is could sell the spices to an entrepôt in India and the entrepôt could sell the spices to a ship heading to England.

RELATED TERMS
  1. Bottomry

    When the owner of a ship borrows money and uses the ship itself ...
  2. HARPEX Shipping Index

    The container ship index of ship brokers Harper Petersen & Co. ...
  3. Both-To-Blame Collision Clause

    Part of the Ocean Marine Insurance policy that states that if ...
  4. Warehouser's Liability Form

    A document that describes the obligations of a storage facility ...
  5. Transloading

    Transferring goods from one mode of transportation to another ...
  6. Free On Board - FOB

    A trade term requiring the seller to deliver goods on board a ...
Related Articles
  1. Investing

    Major Companies That Lose Money On Shipping (AMZN)

    We look at some of the big companies in the home delivery business that have high shipping costs and how they mitigate this.
  2. Investing

    Looking to Invest in Oil Tankers? Try These 3 Stocks (NAT, SFL)

    Obtain information on the oil shipping industry, and discover three of the most widely traded oil tanker stocks to obtain exposure to oil shipping.
  3. Investing

    Bulk Carrier Vs. Container Vs. Tanker: Exploring the 2016 Shipping Market (C)

    Read about the divergent fates of oil tankers, dry bulk carriers, container ships and other seafaring vessels in the 2016 shipping market.
  4. Investing

    Shipping Container Homes: The Costs and Benefits

    Homes made from storage containers are environmentally friendly and can cost a fraction of a traditional home.
  5. Investing

    Amazon’s Minimum Purchase Increase Alienates Shoppers (AMZN)

    Amazon’s increased spend for free shipping from $35 to $49 will increase Prime members but cost the company occasional shoppers.
  6. Investing

    Growth and Politics In Exports

    An export is a good or service that is shipped from one country to another for sale or trade.
  7. Insurance

    Cruise Ship Health Check: What to Know Before You Set Sail

    Cruise-travel health tips that can save money, discomfort, worry – and maybe even your life.
  8. Investing

    What does DDP Mean?

    Delivery duty paid (DDP) is a shipping term specifying that the seller is responsible for all costs associated with delivery of the goods to the buyer. It is usually used when goods are exported ...
  9. Personal Finance

    Insider Tips For Saving On Cruises

    Savvy insights will help you navigate the choices and avoid some money drains on your first cruises.
  10. Personal Finance

    Do You Make More Money Than a Cruise Ship Captain?

    The cruise ship industry continues to grow, and cruise ship captains are in demand due to their rigorous training and unique skills.
RELATED FAQS
  1. What kinds of costs are included in Free on Board (FOB) shipping?

    Find out about free on board shipping, the obligations of parties involved and the costs parties must assume in free on board ... Read Answer >>
  2. What are the legal regulations on delivery duty paid?

    Understand the legal requirements for delivery duty paid, as well as how responsibilities can shift between buyers and sellers ... Read Answer >>
  3. What is the difference between Cost and Freight (CFR) and Free on Board (FOB)?

    Learn about some international Incoterms, and find out about the difference between free on board shipping and cost and freight ... Read Answer >>
  4. What is the difference between cost and freight (CFR) and cost, insurance and freight ...

    Find out about the difference between cost and freight and cost, insurance and freight, two commonly used international trade ... Read Answer >>
  5. When should I send my master Bill of Lading?

    A master bill of lading firms up the shipment details between the shipper of goods and the transportation provider or the ... Read Answer >>
  6. How does the International Chamber of Commerce define the term 'Free on Board' (FOB)?

    Find out more about the International Chamber of Commerce, Incoterms rules and how the International Chamber of Commerce ... Read Answer >>
Hot Definitions
  1. Graduate Record Examination - GRE

    A standardized exam used to measure one's aptitude for abstract thinking in the areas of analytical writing, mathematics ...
  2. Graduate Management Admission Test - GMAT

    A standardized test intended to measure a test taker's aptitude in mathematics and the English language. The GMAT is most ...
  3. Magna Cum Laude

    An academic level of distinction used by educational institutions to signify an academic degree which was received "with ...
  4. Cover Letter

    A written document submitted with a job application explaining the applicant's credentials and interest in the open position. ...
  5. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement ...
  6. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
Trading Center