2h ago
Red Sea reroutes again: how are you papering longer transit times in LCs and contracts?
Carriers are re-announcing Cape routings and our letters of credit still carry latest-shipment and expiry dates set for Suez transits. Are you renegotiating LC terms upfront, adding force-majeure style clauses, or just eating amendment fees every time? Also curious how people are handling CIF insurance premiums on the longer routing.
Sofia Almeidapt106 replies