What is vessel sharing agreement in SAP TM-ADP-CSL - Container Shipping Line?

SAP Term: vessel sharing agreement

• Component: TM-ADP-CSL

• Component Name: Container Shipping Line

• Description: An agreement between two or more slot providers putting up a fleet of vessels together to operate a joint line. Each slot provider remains responsible for the following: Operations and the costs of its vessels in the fleet Marketing, sales, pricing policy, and accounting The general principle is that each slot provider receives on all vessels of a cycle plan, a total declared capacity equal to its provision of contractual capacity in the cycle plan.

Smart SAP Assistant

• Key Concepts: 
  A Vessel Sharing Agreement (VSA) is an agreement between two or more shipping lines to share vessels and resources in order to reduce costs and increase efficiency. It is a common practice in the container shipping industry, and is used by many of the major container shipping lines. 
  
  How to use it: 
  In SAP Transportation Management (TM), the Vessel Sharing Agreement (VSA) component of the Container Shipping Line (CSL) application allows users to define and manage VSAs between two or more shipping lines. This includes defining the terms of the agreement, such as the vessels to be shared, the ports of call, and any other relevant information. The VSA component also allows users to track and monitor the performance of each VSA, as well as generate reports on the performance of each VSA. 
  
  Tips & Tricks: 
  When setting up a VSA in SAP TM, it is important to ensure that all relevant information is included in the agreement. This includes details such as the vessels to be shared, ports of call, and any other relevant information. Additionally, it is important to ensure that all parties involved in the VSA are aware of their responsibilities and obligations under the agreement. 
  
  Related Information: 
  For more information on Vessel Sharing Agreements in SAP TM, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_TM/9.6/en-US/f3d7f8a2b3e14c8a9f7d5b2c9f1e4d6a.html