Issued in December 1900, this 10 centimes definitive from the French colonial territory of Oceania belongs to the renowned Navigation and Commerce series designed by Louis-Eugène Mouchon. The allegorical composition depicts Navigation and Commerce as seated female figures, symbolizing maritime expansion and economic prosperity, with the overprint ÉTABLISSEMENTS DE L’OCÉANIE in blue identifying its exclusive use in the Pacific colonies. Printed typographically in blue and red on buff paper and perforated 14 x 13½, the stamp measures 17 x 21 mm. Catalogued as Michel FR-OC 15, Scott FR-OC 7, Yvert & Tellier FR-OC 15, and Stanley Gibbons FR-OC 15, this issue represents the later phase of the Navigation & Commerce series, which served as the definitive postal identity across the French colonial empire between 1892 and 1907. As part of the Oceania set, it remains a key item for collectors of French Pacific philately, combining historical significance with the artistic elegance characteristic of Mouchon’s designs. Estimate "$75 – 110". Condition: Used, with light cancellation, hinge remnant on reverse, bright colors and intact perforations.