BCOs slowly warming to multiyear contract, performance clauses
Container line reliability is a regular sore spot for shippers.
Multiyear contracts and contract clauses allowing the reduction or striking of volume guarantees when carriers underdeliver provide beneficial cargo owners (BCOs) ways to reduce service and pricing volatility and time spent on bidding is slowing gaining interest and even adoption.
BCOs’ fears…
BCOs slowly warming to multiyear contract, performance clauses
Journal of Commerce