Container lease agreements: Here are the 4 types and their benefits
These are different types of container leasing agreements to consider for any leasing container interchange. Let''s explore these types of container leasing agreements in
A container lease agreement has information such as the two parties' names, the lease's term period, the delivery address, and the termination protocol. Other information included is the type of container and the cargo, who is liable in case of container damage or loss, the price to pay for the damages, and the container lease type.
Through the long-term container leasing agreement, you sign a contract that extends from 5 to 7 years for new containers and 1 to 5 for used containers. You can agree upon a fixed amount of time and a delivery schedule. And you can decide the number of containers you want to lease. Advantages of a long-term container lease agreement
A container lease agreement also gives you details about who is accountable for damage and repair, which is why it's a crucial part of your business. Having everything written down and signed makes the leasing process legally viable for both parties involved and avoids misappropriation from either end.
This agreement is also known as a 'full-service lease' or 'container pool management plan'. After you find depots where you can collect the containers, separate agreements are drawn up for each container collected from the depot. This contract comes into effect only when the lessee collects a container from a depot.
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