On The SOC Business Of The US Line

SOC, narrowly speaking, is the owner's own box, and despite the fact that the operation will not be so widespread that many shippers have their own box, the vast majority of the box is still in the hands of those box owners. Both freight forwarders and shipowners are only to help the owner of the box to the destination, and then the owner will carry out subsequent sales.

Advantages of SOC

• As we all know, because SOC reduces the cost of empty container dispatching for shipowners, the freight rate of SOC will be relatively cheaper than COC, which will make the freight rate of SOC have certain inherent advantages.
• When there is still surplus in the delivery period of the destination port, the booking party can apply to the forwarder for an overdue box before booking because the right to use the box is in the hands of the forwarder at this time, and it is easier to compromise with the customer than the shipowner (like 7 days of detention free).

Disadvantages of SOC

• For example, in Canada, due to the local people's culture, the owner of the box will not collect the box on the weekend vacation and may not be able to return the box to the destination port on the weekend, resulting in the cost of the box.
• Most SOCs are one-way (designated port of destination); when guests encounter accidents and need to change, the port may not be able to carry out; when the goods are stuck in the port of transit, most of the forwarders will require the customer to return to the port of destination, resulting in disputes.
• When the return address is different from the shipowner's yard, it will cause additional CHASIS SPLIT costs when the consignee fleet returns the box. Sometimes the consignee will complain (this is the most common).