What is Slot Charter?
Slot Charter An agreement by which a shipping line or operator charters a specified number of container slots on a vessel operated by another carrier, allowing flexible space allocation without full vessel charter.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Slot Charter” Used in Practice?
The regional carrier entered into a slot charter arrangement to guarantee container space during the peak season on a major Asia-Europe route.
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Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
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What is Slot Charter?
An agreement by which a shipping line or operator charters a specified number of container slots on a vessel operated by another carrier, allowing flexible space allocation without full vessel charter.
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