New service deal

BIMCO and the Global Shipping Forum have launched a standard contract – SERVICECON – which simplifies and harmonises terms and conditions for container volume contracts between shippers and carriers. The new agreement is designed to meet the contractual needs of small to medium-sized shippers, which often lack legal resources to develop their own agreements with carriers. Following two years of discussions, the BIMCO/GSF SERVICECON Standard Service Contract will provide a basis for container volume agreements. It provides a starting point for negotiations and helps to smooth and speed up the contractual process. Shippers and carriers can amend the contract to suit individual commercial needs.