Logistic service agreements play a crucial role in the transport and logistics industry, as they define the terms and conditions of the services provided by logistics service providers (LSPs). These agreements outline the scope of services, including warehousing, inventory management, order picking, transportation and/or forwarding, customs obligations and other value-added services.

Logistic service agreements create a comprehensive and clear framework entailing the commitments and obligations of all parties related to pricing, payment terms, volumes and capacity, KPI’s, liability, insurance, applicable laws and disputes.

Logistic service agreements are essential for establishing a solid foundation and a mutual understanding between logistics service providers and their customers. Well-drafted logistic service agreements help mitigate risks, address potential conflicts and provide a framework for continuous improvement in service quality and performance. ITL Attorneys assists both LSP’s and shippers appealing to LSP’s in drafting, reviewing and negotiating logistic service agreements.