IRA PRESS NOTICE
INFORMAL RATE AGREEMENT
Notice to the trade

IRA recommend three consecutive RRfs
in December 2017

In order to cater to market demand and service requirements, and given the necessity for sustainable freight rates in the market, it is IRAfs recommendation to implement voluntary, non-binding RR implementation in three tiers in December 2017 as follows:-

1. Effective 1st December, 2017 RR of USD.200/TEU

2. Effective 8th December, 2017 RR of USD.200/TEU

3. Effective 15th December, 2017 RR of USD.200/TEU

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 November, 2017.

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