IRA PRESS NOTICE
INFORMAL RATE AGREEMENT
Notice to the trade

IRA recommend revised RR plans

Reference is made to our previous announcement dated 6th February, 2018 when IRA recommended March 2018 and April 2018 RR guideline.

With the fresh review of the prevailing market in mind, it is IRAfs revised recommendation to implement voluntary, non-binding RR plans in 3 tiers as follows :-

1st tier : RR of USD.100/TEU, effective 15th March, 2018

2nd tier : RR of USD.100/TEU, effective 22nd March, 2018

3rd tier : RR of USD.100/TEU, effective 1st April, 2018

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.@

8th March, 2018.

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