Source : Webster's Revised Unabridged Dictionary (1913)

Shipment \Ship"ment\, n.
   1. The act or process of shipping; as, he was engaged in the
      shipment of coal for London; an active shipment of wheat
      from the West.

   2. That which is shipped.

            The question is, whether the share of M. in the
            shipment is exempted from condemnation by reason of
            his neutral domicle.                  --Story.

Source : WordNet®

shipment
     n 1: goods carried by a large vehicle [syn: {cargo}, {lading}, {freight},
           {load}, {loading}, {payload}, {consignment}]
     2: the act of sending off something [syn: {dispatch}, {despatch}]