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  • Writer's pictureJoseph O'Donnell

All freight rates currently subject to general rate increases (GRI)

Updated: Mar 2, 2021

Due to the combining industry factors of volatile low-sulfur fuel (LSF) prices, blank flights/sailings, congestion and limited equipment all quotations are now subject to General Rate Increases (GRI).

Not all trade lanes are currently being effected, but many carriers have begun applying GRIs in response to the impacts caused by the corona virus outbreak and high LSF costs.

Outer Seaways recommends that shippers and buyers consult us prior to booking shipments so that we can re-validate all rates that were quoted within the last 30 days.

Please note that all new quotations will be subject to GRIs until further notice. We will continue to monitor the market and announce any further updates.

We will continue to work to the best of our abilities to mitigate and overcome the difficulties impacting our customers at this time. Outer Seaways thanks you for your business and support.

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