Industry News

RATE RESTORATION (GRI) 1st SEPTEMBER 2016 - EX KOREA, CHINA, HONG KONG AND TAIWAN TO AUSTRALIA

Attachments: With this article are the following attachments

K LINE notice

OOCL notice

We have received advice from various shipping lines (see attached) that they plan to implement a Rate Restoration (RR/GRI) effective from sailings on / after 1 September 2016.

This increase applies to all imports from Korea, China, Hong Kong and Taiwan to Australia Trade.

RR surcharges will be levied as follows:

LCL: TBA

20’:   USD 300.00

40’:   USD 600.00

As we have done previously, TCF and our overseas partners are still negotiating with the ocean carriers to decrease or eliminate this GRI/RR from our contracts. With current pricing levels low and capacity high, TCF will monitor the proposed GRI closer to the 1st September.

We will keep you well informed closer to the effective date once the final amount to be applied is known.

If you have any queries on this matter, please do not hesitate to contact our office for assistance.