Clarity over slot agreement

31 May 2002 - by Staff reporter

THE ARTICLE headlined "Fuhai slot charters
with Cosco" (FTW May 17, 2002) requires some clarification.
Fuhai has not entered into a formal slot agreement with Cosco Lines. Rather, Fuhai and Cosco have an informal arrangement whereby Cosco may accept Fuhai cargo on an "SOC" basis.
Mervyn Timothy, Hanpore Shipping, as agents for Fuhai Marine Enterprise, Johannesburg.

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