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Glossary


As is:
This condition should alert the buyer that there may be damage to the container that could be expensive to repair.

CW - Cargo Worthy:
This quality of container can be used in containerized export shipments. Cargo worthy containers must meet standards of structural strength and be wind and water tight. Containers meeting IICL 5 standards generally are of a better quality than containers showing as just cargo worthy.

CSC:
International Convention for Safe Containers (1972), the international agreement for maintaining containers in safe condition, and of the Harmonized Interpretation of the CSC with the International Maritime Organization.

CSC Plate:
Approval of individual containers may be granted where the Administration, after examination and witnessing of tests, is satisfied that the container meets the requirements of the present Convention; the Administration, when so satisfied, shall notify the applicant in writing of approval and this notification shall entitle him to affix the Safety Approval Plate to such container.

DV-Dray Van:
Standard containers simply called Dry Van.

FR or F/R:
Flat Rack Container.

FOT:
Free on truck.

HC-Hi-cube:
HC refers to containers that are 9'6" high.

IMO:
International Maritime Organization.

ISO:
International Organization for Standardization.

ICS:
International Chamber of Shipping.

IICL:
Institute of International Container Lessors.


IICL-5:
IICL Guide for Container Equipment Inspection.

MGW:
Maximum Gross Weight.


OT or O/T:
Open Top Container.


Single Use or One Way or One Trip Container :
These are new containers that have had one load shipped in them. By allowing a shipper to use the container for a single load.

SOC:
SOC is a Shippers Own Container i.e. you as the shipper own the container rather than using one of the shipping company's containers.

WWT - Wind and Water Tight:
This conditional information indicates that the container is dry and suitable for storage. Regrettably, some sellers are using temporary repair methods in order to state that the container is "wind and water tight".

Warranty:
Used containers are normally sold without a warranty. The best protection for a buyer is to purchase containers from a reputable supplier. Multicontainer is a quality supplier with a total commitment to customer service. If you have questions or concerns we will handle the matter to your satisfaction.


"Damage Protection Plan ("DPP')
shall be an optional arrangement whereby Lessor will assume responsibility for some portion of the cost (as set forth in Schedule 1) of repair to any Container damaged while under lease to Lessee.

"Replacement Value"
shall mean the amount specified in any Schedule 1 to this Lease which Lessor and Lessee agree will equal the cost to Lessee to replace a Container which has been lost, stolen or damaged beyond repair.

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