Shipping trade associations

international shipowners shipping association

organization

Ortogh, also ortoq (Turkic: ortaq; Mongolian: ортог; Persian: urtak) was a merchant partnered with the state and individual aristocrats in the Mongol Empire. The term derived from the Turkic word ortak, meaning "partner." The institution allowed merchants to pool their resources and thereby reduce the risk of failed caravans, allowing for the expansion of long-distance trade and a substantial reduction in its costs.