IRA PRESS NOTICE
INFORMAL RATE AGREEMENT (IRA)
Notice to the trade

IRA recommend 1/January/2018 RR

In view of need to restore sustainability of current freight rates via gradual incremental increases, it is IRAfs recommendation to implement voluntary, non-binding RR as follows:-

Effective : 1st January, 2018, 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.@

29th November, 2017.

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