How to adjust your rates

This quick guide will walk you through how to adjust your rates using the Rate Adjustment tool.

The Rate Adjustment tool lets you quickly update charges in bulk - increase, decrease, add, or remove - by either a fixed amount (e.g. $150) or a percentage (e.g. 8% BAF increase) in just a few clicks.

This eliminates the need for complex formulas, minimizes errors, and ensures your updates are applied instantly.

Step 1. Access rate adjustment tools

Simply select the rate(s) you wish to adjust and click ‘$ Adjust’.

You have the options to adjust rates directly (opens Rate Adjustment tool) or adjust rates via upload (.xlsx).

If you want to adjust via upload, you can follow the same process as you took to upload your rates to IRM.

If you want to adjust using our Rate Adjustment tool, continue reading for step 2:

Step 2. Adjust your rate

Adjusting your rate using the Rate Adjustment tool is very straightforward. The table below captures the choices you have in the dropdown options:

Adjustment	Options
Function	Increase Decrease Add Remove
Charge	Your uploaded charges e.g. BAF, PSS, Destination fuel, etc.
Metric type	% change Unit rate per container Unit rate per TEU
Value	Enter your numeric value

Example scenario: You've received a notification from your Carrier or Forwarder about an 8% Bunker Adjustment Factor (BAF) increase. Instead of manually updating multiple complex formulas in a spreadsheet, you can apply the 8% increase in just a few clicks - saving time and reducing errors.

To apply the increase, simply click 'Apply changes'.

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This tool also supports local currencies, giving you flexibility and transparency when managing charges.