{"id":3086,"date":"2014-08-07T14:37:58","date_gmt":"2014-08-07T19:37:58","guid":{"rendered":"http:\/\/supfrt.com\/news\/?p=3086"},"modified":"2014-08-07T15:11:51","modified_gmt":"2014-08-07T20:11:51","slug":"peak-season-surcharges-general-rate-increases-apply","status":"publish","type":"post","link":"http:\/\/supfrt.com\/news\/2014\/08\/07\/peak-season-surcharges-general-rate-increases-apply\/","title":{"rendered":"Peak Season Surcharges \/ General Rate Increases – What are they and when do they apply?"},"content":{"rendered":"

\"peak<\/a>Peak Season Surcharges \/ General Rate Increases – What are they and when do they apply?<\/p>\n

Peak Season Surcharges (PSS) and General Rate Increases (GRI) are charges imposed by steamship lines during times of high demand or rising costs.\u00a0 The amounts of these fees can vary greatly by carrier as they are dependent on each carrier\u2019s own projected supply and demand.<\/p>\n

PSS are often issued by carriers during the summer months (June-November) because demand for container space on vessels is high.\u00a0 The demand is greater during these months due to retailers stocking up product to be ready for sale prior to the holiday season.\u00a0 As a result, carriers have higher operating costs to place more vessels and crew on the water.\u00a0 These charges typically apply across all routings for a particular carrier but will be mitigated once the peak season is over.<\/p>\n

Carriers set their GRI amounts based on supply and demand of a particular routing at any point during the year as they deem necessary.\u00a0 GRIs are typically rolled into the carrier\u2019s ocean freight rate after the month the GRI went into affect. \u00a0Whether the whole GRI amount or partial GRI amount is added to their rate is at the discretion of the carrier.<\/p>\n