by Ekrem Duman | Jul 16, 2026 | Contract Negotiation, Cost Reduction, Procurement
⚡ TL;DRAn all-in quote and an any-quantity rate can sound simple while hiding different assumptions. Procurement should expose included legs, equipment, fuel, terminal, documentation, minimums, volume bands, exclusions, validity and change triggers before comparing...
by Ekrem Duman | Jul 16, 2026 | Contract Negotiation, Procurement, Supply Chain
⚡ TL;DRATDNSHINC means that the agreed time can include day, night, Sundays and holidays, but the acronym does not settle the complete laytime rule. Procurement must define the clock, notice, exclusions, evidence, rate and escalation so a calendar-day promise becomes...
by Ekrem Duman | Jul 16, 2026 | Contract Negotiation, Procurement, Vendor Management
⚡ TL;DRA captain’s protest is a contemporaneous statement about heavy weather or another event; barratry concerns unlawful or improper acts by the master or crew. Procurement should preserve the vessel, cargo, weather, custody, notice and survey evidence without...
by Ekrem Duman | Jul 16, 2026 | Contract Negotiation, Procurement, Supply Chain
⚡ TL;DRA contract of affreightment reserves transport capacity across defined voyages or a period, rather than buying one spot shipment at a time. Procurement should define cargo, volume, ports, laycan or schedule, vessel standards, freight formula, shortfall,...
by Ekrem Duman | Jul 16, 2026 | Contract Negotiation, Procurement, Supply Chain
⚡ TL;DRAn Act of God event is not an automatic excuse from every obligation. Procurement should translate the force majeure clause into notice, causation, mitigation, evidence, allocation and recovery steps, while checking the governing law and the exact contract...
by Ekrem Duman | Jul 16, 2026 | Contract Negotiation, Cost Reduction, Procurement
⚡ TL;DRAn abatement is a reduction or credit against a charge; absorption is when a carrier or supplier takes a cost without passing it to the shipper. Procurement should define the trigger, evidence, approval, accounting treatment and ownership so a credit does not...
