Industry News

PROPOSED RATE RESTORATION (GRI) 1ST NOVEMBER 2017 - EX KOREA, CHINA, HONG KONG AND TAIWAN TO AUSTRALIA

TCF have received advice from various shipping lines, that they are proposing to implement a Rate Restoration (RR/GRI) effective from sailings on / after 1ST November 2017. 

This increase would apply to all imports from Korea, China, Hong Kong and Taiwan to Australia Trade. Please find attached an example of this notice from one fo the carriers. 

Should the proposed increase go ahead, which is highly likely, the GRI increases/surcharges will be levied as follows, including LCL increases as listed below: 

LCL: USD 6.00 per w/m

20’:   USD 200.00

40’:   USD 400.00

As we have done previously, TCF and our partners will be monitoring the market situation closely and continuing our efforts to mitigate the FCL GRI levels. 

We appreciate your support and if you have any questions or require further information regarding this matter, please do not hesitate to contact your local sales or customer service representative.