Executive Briefings

Drewry and World Container Index Partner on Index-Linked Container Contracts

Drewry Shipping Consultants Ltd. and the World Container Index have launched a series of demonstrations to educate the ocean-shipping community and share best practices in the use of Index-Linked Container Contracts (ILCCs).

The effort will show how such agreements work in the real world. Companies can view how several different methodologies for those contracts develop and perform against the market in real time. The ILCC demos are available online for free at www.drewrysupplychains.com/ilcc. The partners have published three different contract scenarios, covering different trade routes and methodologies. The contracts run from Jan. 1, 2013 to Dec. 31, 2014. As a result, visitors can view historical performance, as well as ongoing developments, through the end of 2014. The adoption of ILCCs continues to grow, as traditional fixed-rate contracting comes under additional pressure from freight-rate volatility, Drewry said.

Read Full Article

The effort will show how such agreements work in the real world. Companies can view how several different methodologies for those contracts develop and perform against the market in real time. The ILCC demos are available online for free at www.drewrysupplychains.com/ilcc. The partners have published three different contract scenarios, covering different trade routes and methodologies. The contracts run from Jan. 1, 2013 to Dec. 31, 2014. As a result, visitors can view historical performance, as well as ongoing developments, through the end of 2014. The adoption of ILCCs continues to grow, as traditional fixed-rate contracting comes under additional pressure from freight-rate volatility, Drewry said.

Read Full Article