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Return to index-linked contracts an idea gaining traction with BCOs and forwarders
19 Apr, 2019

It's time for the liner industry to ditch the flawed fixed tender process where "someone always loses" and revisit index-linked contracts.

In a webinar yesterday to reveal results of a survey of 80 senior executives, consisting of forwarders, BCOs and carriers, Freightos founder and chief executive Zvi Schreiber said there was considerable "frustration" with the traditional time-consuming method of tendering - not only from shippers, but also from carriers.

As a commodity, container shipping prices are more volatile than others, such as bulk cargo, with very severe fluctuations around seasonal demand highs and lows.

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