Notice to the trade
ISAA recommend to postpone effective date
by two weeks
Based on the expectation that the market will be more firm from middle of November, it is now recommended to postpone the originally target effective date 29th October, 2017 by two weeks.
The originally recommended target guideline amount of USD.200/TEU will be adjusted downward after careful review of the prevailing market as follows:-
Revised effective date : 12th November, 2017
Revised target amount: USD.100/TEU
As a discussion agreement, it should be clearly noted that the recommendation is posed to individual ISAA Members, on a voluntary, non-binding basis. Any ISAA Members are free to voluntarily follow the recommendation on an individual basis or take independent actions not only in terms of quantum but also effective dates through individual negotiations between customers and Members.
Source: scaga