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GRI (General Rate Increase)

GRI(General Rate Increase) refers to carriers’ general rate increase. It refers to increasing all the general rates covered by liner shipping alliances or each regular carrier’s rate list. The GRI is usually implemented as a percentage increase in the freight rate, and it is typically applied to all shipping routes or services provided by the shipping line. The purpose of a GRI is to offset rising costs and maintain profitability for the shipping line. Customers are usually notified of the GRI well in advance so that they can adjust their shipping plans and budgets accordingly.
Source : ChatGPT
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