Learn about actual and potential costs
How much should I pay for Deep Sea Cargo Transportation Services?
What is the average price of Deep Sea Cargo Transportation Services?
This procurement report includes pricing information to help you purchase Deep Sea Cargo Transportation Services. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.
Has the price of Deep Sea Cargo Transportation Services been rising or falling?
Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.
I’m not ready to purchase Deep Sea Cargo Transportation Services yet. Will I pay more if I wait too long?
We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.
What other costs are associated with purchasing Deep Sea Cargo Transportation Services?
Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Deep Sea Cargo Transportation Services with a reduced risk of unexpected costs.
See how we display average pricing information, trends and market data.
Find the vendor to meet your needs
Where can I purchase ?
The deep sea cargo transportation services market exhibits a moderate level of concentration, with the top four carriers generating about 40.0% of market revenue. About 170 carriers operate in this market. Market share concentration has been rising during the three years to 2020, as major carriers have consolidated control and... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
How do you determine your surcharge rates and can you make your surcharges completely transparent to me?
How often do you revise fuel surcharges?
Can I fix my surcharge rates under a long-term contract or ship with a flat fee that accounts for fuel costs based on the current marketplace and my calculations?
If your company hedges fuel purchases and fuel prices drop, does your fuel surcharge decrease immediately with the market price? For instance, how is your company going to adjust my surcharges amid the weaker than average oil prices during this financial recession?
What savings will my company achieve under a yearlong contract as opposed to a short-term contract?
What incentives can you provide to switch to water transport if some of my product is currently shipped by rail?
How will increasing volume and bundling routes reduce my rates?
Are your contracts index-linked to reduce the differences between spot rates and contract rates?
In which trade organizations or programs do you participate?
Do you hold a current ISO 9000 certificate?
How is your fleet evolving in terms of fuel efficiency?
What developmental training opportunities are available for management and operational employees?
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Key elements for every RFP
What should my RFP include?
Buyers should provide a maximum budget for the contract, if applicable.
Buyers should request the vendor’s current base rate and BAF, and should inquire into how often rates are adjusted.
Buyers should ask for a breakdown of all additional fees for which they will be responsible, including but not limited to customs charges, port fees and unloading charges.
Buyers should give preference to vendors that travel over the routes required.
Buyers should consider the vendor’s ability to offer highly competitive prices and should weigh this against the vendor’s financial stability.
Buyers should consider the vendor’s experience handling similar cargo when evaluating potential suppliers.
Buyers should weigh a vendor’s on-time statistics and their frequency of damaged shipments.
Buyers should reference the Buying-Decision Scorecard section of this report for key criteria to consider when evaluating providers.
Buyers should specify the time period for submitting questions and the deadline for submitting proposals.
Buyers should state the date by which award information will be made available.
Buyers should indicate their desired start date for services.
Evaluate major factors to mitigate risk
How risky is the supply chain?
Deep sea cargo transportation services have had a moderate level of supply chain risk in the past three years. This level of risk reduces buyer power because it indicates that providers are more likely to experience supply chain disruptions that prompt them to increase service prices or prevent them from... Subscribe to learn more.