IRA PRESS NOTICE
INFORMAL RATE AGREEMENT
Notice to the trade

IRA recommend to re-try RR,
effective 20th January, 2018

Reference is made to our notice to the trade dated 29th November, 2017 when it was recommended to implement RR of USD.200/TEU, effective 1st January, 2018.

As a result of the latest review of the market, it is now recommended to re-try voluntary, non-binding RR of USD.100/TEU, effective 20th January, 2018 with the objective of recouping shortfall for the voluntary, non-binding RR campaign originally targeted.

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.@

16th January, 2018.

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