GRI
Category: Logistics
Also searched as: General Rate Increase
Definition (plain English)
General rate increase is a carrier or market rate increase applied to freight rates from a stated effective date.
Why it matters commercially
GRI timing can make a valid-looking freight estimate wrong before cargo is ready to ship.
Example
A supplier delay pushed cargo past the GRI effective date and raised ocean freight before booking.
Common mistake
Quoting customers from a freight rate without checking validity date, cargo-ready date, and upcoming GRI notices.
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Landed Cost
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