GRI
Charges & surchargesGeneral Rate Increase
A blanket increase carriers announce on freight rates for a trade lane from a set date.
In practice
Announced with 30 days' notice. Whether it actually sticks depends on the market; carriers often announce a GRI then only partially apply it. Contracts with fixed rates are usually protected.
Seen in the wild
Carriers have filed a GRI of USD 1,000 per FEU on Asia to USWC effective 1 Nov.