Here now comes COSCO on the screen with the well needed GRI notice:
Dear valued customer,
with reference to the current market situation, in order to keep the rate reasonable and provide more stable service, Coscon decided to implement a RR plan for all the general cargoes from Far East (including shipments from Japan) and IPBC to North West Europe and Mediterranean (including Lebanon, Syria, North Africa and West Africa).
The Rate Restoration amount is USD 850 / TEU with effect from 01st November, 2014 onwards.
Please kindly distribute this announcement within your organisation.
If you have any question, please do not hesitate to contact us.
Thank you & Best regards