Definition
A blanket increase that shipping lines announce on base freight rates for a trade lane, typically effective from the first of a month and announced 30 days ahead. Whether a GRI sticks depends entirely on demand — in soft markets lines quietly roll them back within weeks. Importers on spot rates should time bookings around announced GRIs where possible, or negotiate contract rates to escape the monthly cycle altogether.
Frequently asked questions
What is GRI (General Rate Increase)?
A blanket increase that shipping lines announce on base freight rates for a trade lane, typically effective from the first of a month and announced 30 days ahead. Whether a GRI sticks depends entirely on demand — in soft markets lines quietly roll them back within weeks. Importers on spot rates should time bookings around announced GRIs where possible, or negotiate contract rates to escape the monthly cycle altogether.
Which glossary terms are related to GRI (General Rate Increase)?
GRI (General Rate Increase) is a port & maritime term in the South African import/export industry. Related terms in the same area include BAF (Bunker Adjustment Factor), Berth, Blank Sailing, Bunker Fuel, CAF (Currency Adjustment Factor) — each has its own plain-English definition in the TradeCaravan glossary.