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Conferences latest GRIs: IRA, ISAA, AWCSA,

ASIA-WEST COAST SOUTH AMERICA AGREEMENT
Voluntary 15th July, 2017 RR
Member Lines have made a thorough review on the current market and recognized that the present rates are unsustainable for them to maintain quality of services for customers. As such, they will have no alternative but to seek customers’ understanding on their rate restoration program applicable to the trades from Japan to West Coast South America (WCSA), Mexico and West Coast Central America (WCCA), as follows:-
15th July, 2017 : USD.750/TEU and USD.1,500/FEU
Member Lines will fully communicate with customers about their RR program mentioned above. However, the RR program is a voluntary and non-binding working remark for Members who are free to deviate from the remark by their own discretion.

 

INFORMAL SOUTH ASIA AGREEMENT
(ISAA)
Notice to the trade
ISAA recommend 15th July, 2017 RR
It is ISAA’s recommendation to implement 15th July, 2017 Rate Restoration with the objective of restoring sustainability in this trade lane :-
Effective : 15th July, 2017
From Asia to all South Asia : RR of USD.150/TEU, USD.300/FEU
The foregoing RR guideline recommendation will be applicable from all Asia (including Japan) to all South Asia destinations under the scope of ISAA.
As a discussion agreement, it should be clearly noted that the recommendation is posed to individual ISAA Members, on a voluntary, non-binding basis. Any ISAA 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.

 

 

INFORMAL RATE AGREEMENT
Notice to the trade

IRA recommend to postpone RR effective date
by one week

With reference to our notice to the trade dated 20th April, 2017, it is IRA’s revised recommendation to postpone 15th June, 2017 RR effective date by one week, i.e. Revised effective date shall read as 22nd June, 2017 with guideline RR amount of USD.200/TEU unchanged.
This is based on fresh review of the prevailing market feedback.
The foregoing recommendation will be applicable to all Far East (including Japan) to all middle east market segments within IRA scope.
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.
Source: scaga
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