IUK Booking Incentive

From Wednesday 8th April, IUK is offering a booking incentive for Shippers who:

• Purchase three consecutive months of “May, June and July 2020” or “June, July and August 2020” as monthly products via IUK’s Implicit Allocation Mechanism.
• The booking incentive will be applied to the lowest matching quantity across the three month period.
• Capacity must be purchased in the same flow direction.

Capacity that meets this criteria will be charged at IUK’s quarterly tariff of 1.5p/th rather than the individual monthly tariffs.

The capacity must be purchased on or after the 08 April 2020 and for the May, June and July incentive, capacity must be purchased by 29 April 2020 and the capacity for June, July and August incentive must be purchased by 29 May 2020.