Nautical Term: Pooling
Definition of Pooling
Pooling refers to the cooperative practice among member lines of a liner conference. This means that the cargo or the financial gains or losses from freight are shared among the member lines.
For instance, in a single paragraph, the concept of pooling could be applied as follows:
The Asia-Pacific Liner Conference (APLLC) is an organization of leading container shipping lines operating in the Asia-Pacific region. Through pooling, the member lines share their cargo and the financial gains or losses from freight. This collaborative approach allows the member lines to optimize their vessel utilization, reduce costs, and enhance their overall competitiveness in the Asia-Pacific container shipping market.
Explore other nautical terms:
