Slot Charter Agreements

October 8th, 2021

Slot Charterer = While an NVOCC may or may not have its own containers, a Slot Charterer is almost always an actual shipping company that belongs to a consortium or service, but may not operate a vessel on that service. Instead, the shipping company chooses to purchase a number of “slots” (place on board a ship) from the main ship operators on each ship. These “slot machines” can be set for a trip or for the duration of the consortium. Example: Hapag Lloyd, which According to Alphaliner is currently the world`s No. 5 on the list of the top 100 shipping companies, is a slots charterer on the MSC service to and from South Africa/Europe. Although Hapag Lloyd owns many ships and services, they choose to act as slots charterers in this market.

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