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

IRA recommend 1/April/2018 RR at the revised target guideline amount of USD.200/TEU

As a result of fresh market review, it is forecasted that the prevailing soft market will continue until end of March 2018.

Taking expected market pickup from early April 2018 in mind, it is IRAfs revised recommendation to implement voluntary, non-binding RR as follows :-

Effective from : 1st April, 2018
RR : 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.@

22nd March, 2018.

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