Have you ever heard about spot rates?

They are unique rates that are handled in international trade for the shipment of cargo, these rates fluctuate according to the market situation, they are usually below the standard or contractual rates that are maintained for longer periods of time, although they can also be higher.

If you are an importer and handle a certain volume of cargo, it is possible that in key opportunities you can opt for this advantage, because spot rates are offered under certain conditions and remain active to be taken advantage of during quite short periods of time or even immediately.

Additionally, it is an excellent option for moving urgent goods, if you want to make a last minute freight transport, you can take advantage of the spot rates of the moment, even though it is likely that you will have to pay a higher price; you will be able to move your goods faster in the supply chain.

Spot rates during the pandemic were an important factor used to slow the decline in international trade, even registering their lowest prices, due to all the border restrictions that hindered the transit of cargo globally.