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Happy Chinese New Year! May the year of Rooster bring you prosperity, good luck and good fortune! GONG XI FAT CAI

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08/10/2017

September 1, 2017 General Rate Increase (GRI)

Dear Valued Customer,    The vessel operating carriers of the Transpacific Stabilization Agreement (TSA) have filed for a General Rate Increase (GRI) to be effective September 1, 2017 on all cargo imported from Asia ports of loading, to U.S.A., Canada, and Mexico ports / ramps of discharge.     The proposed increases are as follows:   General Rate Increase - September 1, 2017 USD         900 / 20' USD       1000 / 40' USD       1125 / 40'HQ USD       1266 / 45' USD          18 / LCL    As it is not possible to predict the future market based on the current trade conditions, OEC Group will continue to monitor the situation as it develops.   Should you have any questions regarding this update, please contact your Sales or Customer Service representative.   Sincerely yours,    OEC Group The information contained herein is provided as a public service with the understanding that OEC Group makes no warranties, either expressed or implied, concerning the accuracy, completeness, reliability, and suitability of the information. Nor does OEC Group warrant that the use of this information is free of any claims of copyright infringement. http://www.oecgroup.com

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07/20/2017

Pier Pass Rate Increase at Ports of Los Angeles & Long Beach

Dear Valued Customer,   On August 1, 2017, the Traffic Mitigation Fee (TMF) at the Ports of Los Angeles and Long Beach is increasing by 2.3 percent, according to the West Coast MTO Agreement (WCMTOA).   Effective August 1, TMF rates for both twenty and forty foot containers will be:   $72.09 per TEU (twenty-foot equivalent unit) which is an increase of $1.6 over the current price$144.18 per FEU (forty-foot equivalent unit) which is an increase of $3.2 over the current price The TMF is charged on containers that are moved between 3 a.m. and 6 p.m. on weekdays. No fee is charged on containers moved during off-peak shifts of 6 p.m. to 3 a.m. on weekdays or 8 a.m. to 5 p.m. on Saturdays, therefore giving movers of cargo an incentive to import and export goods through the ports during off-peak hours.   OEC Group is committed to providing our valued clients the most accurate and up-to-date market information.   Should you have any questions regarding this update, please contact your Sales or Customer Service representative at OEC Group.   Sincerely yours,    OEC Group    The information contained herein is provided as a public service with the understanding that OEC Group makes no warranties, either expressed or implied, concerning the accuracy, completeness, reliability, and suitability of the information. Nor does OEC Group warrant that the use of this information is free of any claims of copyright infringement. http://www.oecgroup.com

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