Vessel Sharing Agreements In Shipping
I would be happy to have more information about this: 1. Is VSA the same as Slot Charter? What are the financial arrangements between the different companies operating under a VSA? 3. How to deal with a situation in which one of the operators does not have reservations corresponding to his share of accommodation or has more reservations compared to his slot-share? Hello Dang, in a VSA, you usually do NOT get two VSLS on the same service that simultaneously calls the same port. However, in some cases, this is possible due to ship consolidations and delays in a given port. In this case, the berth is arranged according to the port. It is not necessary for each of the partners to have an equal number of vessels. VSA is not the same as Slot Charter. Slot Charter is when a shipping company buys a certain number of slots from a carrier. VSA is when the airlines in a consortium share their slots relative to the capacity each has contributed. If one of the members of the consortium wants more than his contribution, he can buy additional slot machines. In this case, the South American hamburg company Dampschifffahrts-Gesellschaft KG (“Hamburg Süd”) and CMA CGMS.A.
(“CMA”) CADE asked whether the sharing agreement between them and Nile Dutch Africa Line BV (“NDAL”), any other competitor in the maritime freight market by sea, Vessel Sharing Agreement (“VSA”) constituted an associative agreement within the meaning of resolution 17/16. Vessel Sharing Agreement Under the Vessel Sharing Agreement, two (or more) shipowners undertake to provide each other with a certain number of slots on certain vessels or routes. Capacity of the U.S.-flagged vessel, operated by a participant, and U.S. capacity Flag Vessel Sharing Agreement (VSA) of a participant. The quantum of the place each partner receives may vary from port to port and may depend on the number of vessels operated or placed by the different partners under the agreement. It is not necessary for each of the partners to have the same number of vessels. The space available in each of the ports of call for loading and unloading is shared between the partners. A ship-sharing agreement is slightly different from that of an alliance, since a ship-sharing agreement is usually devoted to a specific trade route, with conditions specific to that route, while an alliance is global in nature and may encompass many different trade routes, normally applicable under the same conditions. A ship-sharing agreement is usually concluded between different container shipping companies that agree to operate a regular service along a given route with a number of ships. .
David Arsenault, the former CEO of Hyundai Merchant Marine, warned: “We`ve seen alliances remix in the past, but we`ve never seen all these alliances launched at once with a shotgun.” Shippers and consumers of shipping container products should be aware that a restructuring of this magnitude leads to a series of new or significantly expanded relationships between carriers and between carriers and terminals, which could lead to a large number of challenges in the supply chain during this transitional period. . . .