Inducement

Summary of Inducement

In maritime shipping, the tender by a shipper to a carrier of a sufficient amount of cargo so as to warrant a vessel calling at a port not ordinarily scheduled during the voyage.

(Main Author: William J. Miller)

Inducement in International Trade

Meaning of Inducement, according to the Dictionary of International Trade (Global Negotiator): When steamship lines publish in their schedules the name of a port and the words “by inducement” in parentheses, this means the vessel will call at the port if there is a sufficient amount of profitable cargo available and booked.