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Conference GRIs: IRSA, IADA

INFORMAL RED SEA AGREEMENT (IRSA)
Notice to the trade
IRSA recommend weekly RR’s in December 2017
In view of universal necessity to restore cost-sustainable rate levels, IRSA recommend weekly RR plans in December 2017 as follows:-
Effective 1st December, 2017
   RR of USD.300/TEU, USD.600/FEU
Effective 8th December, 2017
   RR of USD.300/TEU, USD.600/FEU
Effective 15th December, 2017
   RR of USD.300TEU, USD.600/FEU
Effective 22nd December, 2017
   RR of USD.300/TEU, USD.600/FEU
Effective 29th December, 2017
   RR of USD.300/TEU, USD.600/FEU
It is also recommended that the foregoing RR guideline shall be applicable to all market segments from Japan to Red Sea ports 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.

 

INTRA-ASIA DISCUSSION AGREEMENT
(IADA)
Notice to the trade
IADA recommend Northbound RR’s,
effective 1st December, 2017
Noting the anticipated strong demand growth in the 4th Q and in order to sustain services to meet the requirements of the busy trade lanes, it is recommended Northbound RR’s as follows:-
Effective : 1st December, 2017
From Xiamen to Japan : RR of USD.30/TEU
From S.PRC to Japan : RR of USD.30/TEU
As a discussion agreement, it should be clearly noted that the recommendation is posed to individual IADA Members, on a voluntary, non-binding basis. Any IADA 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.
Source: scaga
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