What Is Vessel Sharing Agreement

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    Hi Dang, in a VSA, you usually do NOT get two VSLS on the same service calling the same port at the same time. In some cases, however, this is possible due to the consolidation of ships and delays in a particular port. In this case, the berth will be arranged according to the port. A ship-sharing agreement is usually concluded between different container shipping companies that agree to operate a lingting service along a particular route with a number of ships. It is not necessary for each of the partners to have an equal number of vessels. It is not necessary for each of the partners to have the same number of vessels. The space available for loading and unloading in each of the ports of call is shared between the partners. If the trade or any part thereof is no longer part of the Maersk/MSC Vessel Sharing Agreement, 2M Lines will notify SML as soon as possible and, in any case, no later than 14 days after 2M Lines` consent or notification of such termination. The amount of space each partner receives may vary from port to port and may depend on the number of vessels operated or placed by the different partners under the agreement. I would appreciate more information on this topic: 1.

    Is VSA the same as Slot Charter? 2. What are the financial arrangements between the different companies operating under a VSA? 3. How to deal with a situation where one of the operators does not have reservations equal to its share of slots or has more reservations compared to its share of slots? In that case, Hamburg Südamerikanische Dampschifffahrts-Gesellschaft KG (`Hamburg Süd`) and CMA CGMS.A. (`CMA`) asked CADE whether the ship-sharing agreement (`VSA`) between them and Nile Dutch Africa Line BV (`NDAL`), all of which are competitors in the long-distance freight transport market, constitutes an associative agreement within the meaning of Resolution No 17/16. The name of this Agreement is the MED/USEC Ship Sharing Agreement (the „Agreement”). Ship Sharing Agreement Under the Ship Sharing Agreement, two (or more) shipping companies undertake to provide each other with a certain number of slots on specific ships or routes. The most recent agreement that started this year is the one between Maersk Line and MSC. They concluded the agreement with a different number of vessels, maersk with about 110 and MSC with the capacity of the 75th U.S.-flagged vessel operated by a participant, and the capacity of a participant`s U.S.-flagged Vessel Sharing Agreement (VSA). A ship-sharing agreement is slightly different from that of an alliance because a ship-sharing agreement is usually dedicated to a particular trade route with conditions specific to that route, while an alliance is global in nature and may include many different trade routes that generally apply under the same conditions….