While shipping lines claim spot rate increases are the result of the current supply and demand imbalance (largely attributed to global events including ongoing Red Sea hostilities, congestion in Singapore, high demand to ship from China to the US before tariff increases), it is disturbing to hear that some are reneging on Named Account (NAC) agreed rates and holding subsequent import consignments on a lien basis until payments are made.
We encourage members to provide any examples of the above to Tom Jensen (Head of International Freight & Logistics – FTA/APSA) at tjensen@FTAlliance.com.au for referral to our legal counsel and to assist with our broader advocacy for reforms in line with the Productivity Commission's findings in their review of Australia's Maritime Logistics System - refer HERE.
WEBINAR (Free & Exclusive to FTA / APSA Members)
Navigating Rate Agreements: Evaluating the Security and Enforceability of Contracts with Shipping Lines
Wed, Jul 24, 2024 12 PM AEST
FTA and APSA have partnered with Mills Oakley to delve into the pressing issues surrounding rate agreements with shipping lines.
REGISTER HEREPaul Zalai - Director FTA | Secretariat APSA | Director GSF |