Slot Sharing Agreements

As a general rule, a vessel-sharing agreement is concluded between different container shipping companies that agree to operate a regular service on a given line with a number of vessels. Another form of cooperation between developers is asset sharing. With Container xChange, we have developed a platform that connects container owners and users in a neutral market. “Hyundai Merchant Marine (HMM) will join the Alliance when its slots lease with 2M expires next April,” said Loadstar. A Vehicle Sharing Agreement (VSA) is a cooperation between shipping companies to meet demand on certain trade routes through the sharing of maritime space. Vessel Sharing Agreements are agreements that you usually enter into between partners within an alliance to operate a regular service on certain lines as partners. The space for each partner can vary from port to port and depends on individual entries per company. A vessel Sharing Agreement is limited to a specific trade route. On the other hand, a maritime alliance is a set of VSA and more global. Slot Charter Agreement (SCA) is a contract between two shipping partners/companies that purchase and sell a number of slots for a specified period of time in order to extend coverage. Hapag-Lloyd, for example, is, according to Shipping and Freight Resource, a slot charterer on the MSC service from South Africa to Europe, although they have their own ships and services on that line. Slot charterers act as an independent shipping company, use their own equipment, provide their own bill of lading and the port calculates them directly for their port taxes. Maritime alliances can help airlines achieve low prices and broad service coverage through economies of scale and scale.

The high fixed cost structure of shipping companies is one of the main arguments for cooperation between shipping companies. A weekly line service between different ports requires investment in a number of vessels. They will sail independently of their occupancy rates. Cooperation between airlines, for example. B through a Ship Sharing Agreement (ASV), can reduce this risk and increase utilization. vsa and Slot Charter . who organizes it, Liner`s headquarters or sheath agent all over the world? A ship-sharing agreement is somewhat different from that of an alliance, in that a vessel-sharing agreement is generally devoted to a particular trade route, the conditions being specific to that route, whereas an alliance is of a more global nature and could include many different trade routes that are normally on the same terms. VSA is not the same as Charter slot. Slot Charter is when a shipping company buys a number of slots from a carrier.

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