GlossaryEN1 min readUpdated: Jun 24, 2026
Fixed Term Reefer Cargo Contracts
Fixed term reefer cargo contracts secure freight rates and container capacity for temperature-controlled ocean shipments over a defined contract period, replacing ad-hoc spot bookings with a structured bilateral commitment.
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Source: https://www.fmc.gov/term-contracts/
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Fixed term reefer cargo contracts secure freight rates and container capacity for temperature-controlled ocean shipments over a defined contract period, replacing ad-hoc spot bookings with a structured bilateral commitment. The shipper guarantees minimum volumes; the carrier guarantees equipment availability at agreed rates. Both parties are shielded from spot market volatility – a material advantage on high-demand reefer trades such as South America–Europe fruit lanes or Asian seafood corridors. Typical cargo includes fresh produce, seafood, and pharmaceutical cold-chain goods. Most contracts include tolerance bands for volume shortfalls and compensation mechanisms to handle deviations from committed quantities. Not to be confused with container rental programs, which govern equipment provision independently of any specific freight movement.
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