What is the contractual basis of transactions on xChange?
Members are advised to agree on an interchange/one-way agreement prior to exchanging containers. This usually is (but does not have to be) our xChange Multiparty Agreement (developed in collaboration with BIMCO) which enables signatories to enter into an industry standard agreement with all other signatories on xChange—with just one signature. This takes away the hassle of having to negotiate bilateral contracts with all other partners (please feel free to contact us for more information). However, if a bilateral contract between members already exists, this can also be used as the basis for an xChange transaction. Contact us for more information.