Industry News

PROPOSED RATE RESTORATION (GRI) 1ST SEPTEMBER 2019 - EX KOREA, CHINA, HONG KONG AND TAIWAN TO AUSTRALIA

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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 September 2019.

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 of the carriers. 

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

LCL: USD 20.00 per w/m

20’:   USD 500.00

40’:   USD 1000.00

TCF and our Partners will be monitoring the market situation over the coming weeks and continuing our efforts to mitigate the FCL GRI Levels. As was the case with the July GRI, which was not passed on in full by the carriers, TCF will communicate any increases directly.

Should you have any questions or require further information regarding this matter, please do not hesitate to contact your locals sales or customer service representative.