"Cabotage: The Maritime Trade Term You Never Knew Was a Key to Global Commerce A recent discovery of a little-known term has shed light on the intricacies of international trade. Cabotage, a word that has been hidden in the realm of legalese, refers to the practice of engaging in trade within a country's own territorial waters. According to Black's Law Dictionary, cabotage is a critical aspect of maritime commerce, governing the rights and regulations of domestic shipping and trade. As global trade continues to evolve, understanding the nuances of cabotage has become increasingly important for policymakers, business leaders, and consumers alike. Dive into the world of maritime law and discover the significance of cabotage in shaping the global economy."


Just learned this largely legalese word today; it means, according to Black's Law Dictionary, 1. The carrying on of trade… The post "Cabotage": It's Not "Sabotage" with the "S" Switched to Russian appeared first on Reason.com.