Shipper fury as spot rates soar - and box lines ignore contracts
The sense of genuine anger amongst North European shippers and freight forwarders was palpable this ...
© Khunaspix Dreamstime.
Big box shippers are increasingly looking at developing more formal contractual arrangements with container shipping lines, delegates at this year’s Multimodal show in Birmingham have learnt.
The era of gentlemen’s agreements between carriers and shippers is likely to draw to a close, said Matthew Gore, senior associate at law firm Holman Fenwick Willan, as increasing numbers of both parties look to develop legally binding ocean shipping contracts as a way of developing partnerships.
“Legally binding contracts give a framework to manage the ...
Comment on this article
steven I
April 25, 2013 at 4:25 pmContracts will provide increased accountability as well as a budgeted and planned business direction for both carrier and client. The client needs to understand what is force majeure and what is written on the reverse side of the bl. Let us not forget about risk and liability that carriers should better manage,not avoid.