Cosco GRI Asia to Europe

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RE:  WESTBOUND GRI ANNOUNCEMENT IN MARCH 2016

Dear all:

With reference to market situation and our expectation, in order to keep the rate reasonable and provide more stable service, COSCON decide to implement GRI (General Rate Increase) for all the general cargoes from Far East, West Asia, and IPBC to North West Europe and Mediterranean (including Black Sea Region, Lebanon, Syria  and  North Africa ).

The GRI amount is USD950/TEU with effective from 1^st March, 2016.

This announcement is confidential, please do not disclose to any parties not involved in this business. If you have any question, please do not hesitate to contact us.

Thanks and Best Regards！

COSCON ETD

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