Opinion: How do we ensure reliable contracts in container shipping?

There is a need for a common and digital standard for the agreements between shipping companies and their customers, says Jesper Præstensgaard.

Containerindustrien kan med fordel kigge mod finansverden, skriver Jesper Præstensgaard. | Photo: Ntg

by JESPER PRÆSTENSGAARD, MANAGING PARTNER, HUMANOSTICS

Reliable contracts are important for both shippers and carriers because their absence creates supply chain unpredictability, and it is essential for carriers to manage their biggest risk and Achilles’ heel – revenue volatility.

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