Glossary

General Rate Increase (GRI)

Tags: Glossary

Increase in the base rates by ocean carriers due to increase in demand.

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Al Sharqi Shipping is a leader in the logistics industry with more than 30 years of experience in guiding and moving freight across the globe.

What is General Rate Increase (GRI)?

General Rate Increase (GRI) is a term used by shipping companies to refer to an increase in rates that applies to all customers.  

 

It is typically used to cover operating costs and is usually a set percentage or dollar amount. This rate increase typically applies to all services, including freight, parcel, and express services. 

Related Glossory terms

  • Freight Bill 
  • Freight Charge 
  • Cost and Freight (C&F) 
  • Cost, Insurance, and Freight (CIF) 

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