IRA PRESS NOTICE
INFORMAL RATE AGREEMENT
Notice to the trade

IRA recommend to postpone RR effective date
by one week

As a result of the fresh review of the prevailing market, it is now recommended to postpone the original target effective date of 15th December, 2017 by one week to 22nd December, 2017.

The originally recommended target guideline amount of USD.200/TEU remains unchanged.

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.@

13th December, 2017.

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