What is Spot Shipment?
Spot Shipment A one-time cargo movement arranged at current market rates without any long-term contract or commitment, typically used for urgent or irregular transport needs.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Spot Shipment” Used in Practice?
Due to a sudden spike in demand, the exporter booked a spot shipment rather than wait for the next available liner service.
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Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
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What is Spot Shipment?
A one-time cargo movement arranged at current market rates without any long-term contract or commitment, typically used for urgent or irregular transport needs.
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