Asia to Caribbean Trade Agreement (ACTA) |
Rate Restoration (RR) Program |
Member Lines of this Agreement agreed on a voluntary and non-binding basis to target the following rate restoration in the Caribbean trade from Japan:- |
1st October, 2017 : USD.1,050/20’ and USD.1,500/40’
The RR is a working remark for Members who are free to deviate from the remark as per their own judgment.
ASIA-AUSTRALIA DISCUSSION AGREEMENT |
Notice to the trade
AADA recommend 1st October, 2017 RR |
As a part of the already published 2017 Japan Business Plan (please refer to our previous notice dated 30th November, 2016), it is AADA’s recommendation to implement following Rate Restoration Program with the objective of recovering a part of the lost revenue so that Member Lines are able to maintain long term sustainability / viability and more importantly to provide ample high quality space to Japan trade that the market demands.
RR of USD300/TEU, USD.600/ FEU
As a discussion agreement, it should be clearly noted that the recommendation is posed to individual AADA Members, on a voluntary, non-binding basis. Any AADA Members are free to voluntary follow the recommendation on an individual basis or take independent policy through individual negotiation between customers and Members. |