The Private Label Exchange is a solutions platform that allows a single owner of slots to sell to their own customers. The owner of the Private Label Exchange (the seller) can be an ocean carrier, an NVOCC or a forwarder. Buyers can be other NVOCCs, freight forwarders or beneficial cargo owners that are invited by the owner to their Private Label Exchange.

The Private Label Exchange has been architected to support the posting and purchasing of slots in all global trade lanes. Each seller determines which trade lanes are posted on their private exchange (subject applicable restrictions that may apply to trade between countries or involving persons/entities that are prohibited by applicable law).

Yes. This issue was given very careful consideration during the design and build of the Private Label Exchange. Note that the Private Label Exchange will not be offering the possibility of postings or purchase to origin / destination port pairs that are within countries which are subject to trade sanctions ordered by the United Nations or by the United States (where the JOC Exchange is based and under whose legal jurisdiction it operates).

A JOC Exchange staff member will contact you to work through the simple start up process. It includes:

• Collection of necessary information about your company
• Verification that your company is an ocean carrier or NVOCC / Forwarder
• Normal credit and background checks to ensure that your company can participate in commerce in the US, Europe, Asia and other locations
• Obtaining agreement to the terms and conditions in the JOC Exchange Service Agreement.

You can begin the process by filling out and submitting the online form.

There are two methods for uploading sailing schedules. This can be done either by completing a pre-formatted template or by working with staff at the JOC Sailings (the online shipping schedule service maintained by The Journal of Commerce) to map an electronic transmission of your sailing schedule files directly into the database. If you are already mapped into JOC Sailings, then the schedule information will be readily available in your Private Label Exchange.

Information about the buyers has to be submitted to the JOC Exchange team by the Seller. It is the seller’s responsibility to vet the buyers (i.e., perform any credit and background checks on their buyers).

Yes. The act of buying container capacity on the Private Label Exchange does not of itself put in place a formal contract between seller and buyer – this is a legal process left to the two parties. However, a condition for participating on the Exchange is that all sellers and buyers commit to following through with a purchase transaction by putting in place a contract that reflects the price terms offered and accepted on the Private Label Exchange for the specified sailing(s). Note that the Exchange’s e-contract service can be used to make the process very straightforward and easy. In the U.S. trades, the JOC Exchange is not responsible for the formation, submission and compliance with applicable Federal Maritime Commission rules governing service contracts. UBM Global trade and the JOC Exchange are not parties to any service contract or other transportation agreement that may emanate from the purchase of slots via the JOC Exchange.

It is possible, but requires the purchaser to go through a series of steps with JOC Exchange customer service staff. The erroneous purchase must be corrected by cancellation within 30 minutes of the moment a purchase was first made. After this 30 minute period, the purchase is binding.

The Exchange archives the details of all sales and purchases. These details are available to both the buying and selling parties. Any disputes should be able to be resolved by referencing the common transaction number associated with the buy. Discrepancies beyond this should be resolved by contacting the JOC Exchange customer service.

Participants will have access to full details of all the transactions that they have entered into while using the Exchange. As a seller, this includes postings, changes to postings, creation and editing of accessorial charges, and sales. As a buyer this includes purchases. This information stays in the system, making the Exchange particularly valuable for reporting and as a system of record for transactions. This information can easily be downloaded into Word, Excel or PDF formats.

Definitely. The Private Label Exchange is designed to more easily facilitate the selling and buying of slots but does not preclude the existence of an outside contract. There is no reason why a buyer cannot purchase these slots while still participating in a long-term contract with the same carrier. However, these channels for obtaining space from that carrier are separate.

Fill out and submit this form to begin the process. Further questions can be addressed directly by contacting us.

Each person to be granted access to your Private Label platform will be recorded as part of the new customer intake process. Any changes to the authorized users (removals or new additions) must be managed through JOC Exchange customer service.

Yes, JOC Exchange can facilitate a customers’ ability to search on inland points.