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What Are General Rate Increases in Shipping & What Should Enterprises Know?

Intelligent Audit

In modern freight transportation services, GRI stands for General Rate Increase. The GRI shipping term refers to the usual increase in fees that are applied to container shipping rates. What GRI Stands for in Shipping. GRIs have historically been implemented on an annual basis. per package for large packages or $250.00

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IMO 2020 is Here. Are You Ready?

Supply Chain Game Changer

The ships now have to reduce their Sulphur emission by over 80% – 85% by switching to Lower Sulphur Fuel. Due to the high level of pollutants in the exhaust of the bunker currently used to power some 60,000+ ships globally, the IMO is going to implement a new regulation regarding these fuels on January 1, 2020.