General Rate Increase (GRI)
Rates & Surcharges
What Is a GRI (General Rate Increase)?
A General Rate Increase (GRI) is a price increase that a shipping company announces for its base ocean freight rates. It is usually announced as a fixed dollar amount per container and takes effect on a set date.
Carriers quote the increase per TEU (20-foot) and per FEU (40-foot). A typical notice reads: “$600 per FEU, effective October 1.” The increase applies to the base freight rate; surcharges such as BAF and PSS are added on top.
Most GRIs take effect on the 1st or 15th of a month and apply across most trade lanes at once, including the Transpacific, Asia–Europe and Transatlantic routes.
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