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Service Contract


Source: Supply Chain & Logistics Glossary Author: VV.AA. Institute: Georgia Tech - The Supply Chain and Logistics Institute	Courtesy of

As provided in the Shipping Act of 1984, a contract between a shipper (or a shippers association) and an ocean common carrier (or conference) in which the shipper makes a commitment to provide a certain minimum quantity of cargo or freight revenue over a fixed time period, and the ocean common carrier or conference commits to a certain rate or rate schedule as well as a defined service level (such as assured space, transit time, port rotation or similar service features). The contract may also specify provisions in the event of nonperformance on the part of either party.

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Last update 10 Mar 2023

Softest decline in output for three months as supply- chain conditions improve
Source: S&P Global US Manufacturing PMI ™ - IHS Markit
United States

Chemicals & Pharmaceuticals Maximum safety and reliability and reducing the costs for our customers at the same time: we are able to offer the chemical industry an extensive range of chemical logistics services that hardly any other logistics specialist can match. It is our goal to harmonise our services with your specifications in s... Scenario Planning

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