IRA PRESS NOTICE
INFORMAL RATE AGREEMENT
Notice to the trade

IRA recommend RRfs,
effective 8th February, 2018 and 22nd February, 2018

In view of anticipated strong demand nearer the Chinese New Year and given the prevailing unsustainable freight levels in the market, it is IRAfs recommendation to implement Rate Restorations in two tiers as follows:-

1. Effective 8th February, 2018 RR of USD.200/TEU

2. Effective 22nd February, 2018 RR of USD.200/TEU

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.@

10th January, 2018.

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