What is tonnage pool agreement in SAP TM-ADP-CSL-NAO - Network & Operations for Container Shipping Liners?

SAP Term: tonnage pool agreement

• Component: TM-ADP-CSL-NAO

• Component Name: Network & Operations for Container Shipping Liners

• Description: An arrangement in which two or more companies share the capacity and costs of one or more vessels in a service as per predefined shares for a minimum predefined period. The vessel is either chartered out from the market or is taken from one of the company’s fleet. Each vessel operator remains responsible for their own marketing, sales, pricing policy, and accounting.

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• Key Concepts: 
  A tonnage pool agreement is a contract between a shipping line and a pool of vessels that allows the shipping line to use the vessels in the pool to transport goods. The agreement is typically used when a shipping line does not have enough vessels of its own to meet its needs. The agreement also allows the shipping line to benefit from economies of scale, as it can use the vessels in the pool to transport goods at a lower cost than if it had to purchase or lease its own vessels. 
  
  How to use it: 
  The tonnage pool agreement is used by shipping lines to access additional vessels when they do not have enough of their own. The agreement allows the shipping line to benefit from economies of scale, as it can use the vessels in the pool to transport goods at a lower cost than if it had to purchase or lease its own vessels. 
  
  Tips & Tricks: 
  When entering into a tonnage pool agreement, it is important to ensure that all parties involved are aware of their rights and responsibilities under the agreement. It is also important to ensure that all parties are aware of any applicable laws and regulations that may affect the agreement. 
  
  Related Information: 
  The TM-ADP-CSL-NAO Network & Operations for Container Shipping Liners component of SAP provides tools and features that enable shipping lines to manage their tonnage pool agreements. This includes features such as vessel selection, voyage planning, and voyage optimization. It also provides tools for monitoring and analyzing performance data related to tonnage pool agreements.