The foregoing RR guideline recommendation will be applicable from all Asia (including Japan) to all ME destinations under the scope of IRA.
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.
ASIA WEST AFRICA TRADE AGREEMENT (AWATA)
AWATA recommend 1st September, 2017 RR
Recognising the need to systematically and effectively restore freight rates in this trade lane back to sustainable level, it is AWATA recommendation to implement Rate Restoration as follows:-
Effective : 1st September, 2017
RR of USD.500/TEU
As a discussion agreement, it should be clearly noted that the recommendation is posed to individual AWATA Members, on a voluntary, non-binding basis.
Any AWATA Members are free to voluntary follow the recommendation on an individual basis or take independent policy through individual negotiation between customers and Members
Asia to Caribbean Trade Agreement (ACTA)
Rate Restoration (RR) Program
Member Lines of this Agreement agreed on a voluntary and non-binding basis to target the following rate restoration in the Caribbean trade from Japan:-

15th September, 2017 : USD.1,050/20’ and USD.1,500/40’

The RR is a working remark for Members who are free to deviate from the remark as per their own judgment.

Source: scaga
2017-08-24

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