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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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