Rates on Ships and Cargo To Shanghai Reduced Tokyo, Nov, 20.
Japanese insurance concerns to-day drastically slashed their rates on cargoes and ships destined for Shanghai, Insurance rates on cargo shipped io Shanghai were cut from Y.0.75 to Y.025 per ton.
Rates on ships remaining in Shanghai for three days were cut from Y.050 to Y.025 per ton, while those for vessels remaining in the Whangpoo for a week will pay Y.0.375 per ton instead of Y.0.75.
The announcement was made by the Ikki Kai, the association of marine insurance companies.—Domei.
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