IRSA PRESS NOTICE
INFORMAL RED SEA AGREEMENT (IRSA)
Notice to the trade
IRSA recommend weekly RR’s in November 2017

Reference is made to our previous notice dated 4th September, 2017.

In view of universal necessity to restore cost-sustainable rate levels, IRSA recommend weekly RR plans in November 2017 as follows:-

Effective 3rd November, 2017
   RR of USD.300/TEU, USD.600/FEU
Effective 10th November, 2017
   RR of USD.300/TEU, USD.600/FEU
Effective 17th November, 2017
   RR of USD.300TEU, USD.600/FEU
Effective 24th November, 2017
   RR of USD.300/TEU, USD.600/FEU

The foregoing RR guideline recommendation will be applicable to all Far East (including Japan) to Red Sea market segments within IRSA scope.

As a discussion agreement, it should be clearly noted that the recommendation is posed to individual IRSA Members, on a voluntary, non-binding basis. Any IRSA 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.

29th September, 2017.


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