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General Rate Increase (GRI) | Shipping Term Explained
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GLOSSARY

General Rate Increase (GRI)

The general rate increase adjusts the freight prices for specific routes.

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What is the meaning of General Rate Increase (GRI) in shipping?

The general rate increase specifies the new, adjusted prices, most commonly for sea freight. The supply and demand for freight services will indicate the latest prices, which are usually initiated by larger carriers. The price increase can be for specific or all freight routes.

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