General Rate Increase (GRI)
Increase in the base rates by ocean carriers due to increase in demand.
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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.
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