General Rate Increase (GRI) – North East Asia Effective 15th November 2017

General Rate Increase (GRI) – North East Asia Effective 15th November 2017

General Rate Increase (GRI) – North East Asia Effective 15th November 2017

Carriers have announced to North East Asia to Australia clients a General Rate Increase (GRI) that is to apply to all vessels sailing ex China, Hong Kong, Korea and Taiwan to all Australian ports.

The announced increase is to be effective from 15th of November 2017 (pro-forma sailing date)

The increase is as follows:

Up to $200.00 USD per TEU & $400.00 USD per FEU

$12.00 USD per CBM/1000Kgs on LCL

For both dry and refrigerated cargoes in the base ocean freight for cargoes from North East Asia (including China, Hong Kong, Korea and Taiwan) to ports and points in Australia. This increase will be applied in full on top of existing ongoing market rates to all shipments based on the actual departure date of the vessel named in the bill of lading from 15th of November 2017, and will be subject to ancillary surcharges applicable at the time of shipment.

Our policy at IFC is to maintain competitive pricing at all times and should any of the above advertised increases not be implemented or implemented in part, IFC will only pass on these net/net increases.

Should you have any questions relating to any of the above Industry updates please contact your Customer Relationship Manager or myself to discuss further.

Best Regards,

Minoli Rampati Dewage

IFC Global Logistics Pty Ltd