Countertrade

Countertrade in shipping refers to a type of trade where goods or services are exchanged for other goods or services instead of cash. This type of trade is often used in international shipping and trade, where companies may not have access to enough currency or where currency exchange rates may be unfavorable. 

Countertrade can be a complex process and requires careful planning and negotiation to ensure that both parties receive fair value for the goods or services exchanged. It can also involve significant risks, such as fluctuations in the value of the goods or services being exchanged and the potential for disputes over the terms of the agreement.