As shippers, carriers and forwarders look to index-linked contracts (ILAs) to mitigate risk to capital amid Red-Sea freight-rate volatility, Matthew Gore, partner at shipping law firm HFW, warned of potential flaws in the system.
Yesterday, Xeneta revealed that a shipper with an ILA may use 40ft containers (feu) to transport their goods, but their contract is tied to a 20ft equivalent container index (teu).
It said: “Global ocean trade is dominated …
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