Xeneta has launched an index-linked contract (ILC) simulator to help shippers navigate market volatility and end procurement inefficiency. The new ILC Simulator – now available in the Xeneta platform – allows shippers to compare traditional fixed-rate contracts with index-linked contracts using sample corridor data or their own historical ocean container freight rates. The simulator is an important first step towards index-linked contracting, which is rising in prominence as shippers and logistics service providers try to prevent long-term agreements being torn up, or regularly renegotiated, in the wake of disruptions such as Covid-19, the Red Sea Crisis and US-China trade war. Fabio Brocca, Xeneta Chief Product Officer, said: “Xeneta’s index-linked contract simulator is a major advancement for the container shipping industry. It offers the important first step towards realizing a more efficient, data-driven freight procurement strategy that is built to withstand the realities of today’s geo-political and economic trade landscape. (....)