IRA PRESS NOTICE
INFORMAL RATE AGREEMENT
Notice to the trade

IRA recommend RRfs in 2 tiers

It is IRAfs recommendation to implement Rate Restoration in 2 tiers in September 2017 with the objective of restoring sustainability in this trade lane :-

Effective : 1st September, 2017
RR of USD.200/TEU, USD.400/FEU

Effective : 15th September, 2017
RR of USD.200/TEU, USD.400/FEU

The foregoing RR guideline recommendation will be applicable from all Asia (including Japan) to all ME destinations under the scope of IRA.

As a discussion agreement, it should be clearly noted that the recommendation is posed to individual IRA Members, on a voluntary, non-binding basis. Any IRA Members are free to voluntarily follow the recommendation on an individual basis or take independent actions not only in terms of quantum but also effective dates through individual negotiations between customers and Members.

Please do not hesitate to contact us or Member Lines of the Agreement who are always happy to respond to any queries you may have on this subject.

@Secretary.@

1st August, 2017.

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