Industry Glossary

Container is structurally sound and suitable for cargo transportation. Meets basic industry standards for shipping.

Example: CW containers are typically used for general cargo transport and storage.

Higher grade standard required by major leasing companies. Containers must meet strict structural and cosmetic criteria.

Example: IICL grade is often required for international leasing operations.

Container sold in current condition without guarantees. Buyer accepts the container with all existing defects.

Example: As Is containers are typically priced lower but may require repairs.

Container manufactured recently and has made only one trip from factory to destination. Minimal wear and tear.

Example: New containers are ideal for high-value cargo or when appearance matters.

Container is physically present at location and ready for immediate use or inspection.

Example: AV status means the unit can be picked up after release is issued.

Container has sustained damage and requires inspection or repair before use.

Example: DM containers need assessment before they can be returned to service.

Period during which container can be used without incurring additional daily rental charges.

Example: A lease with 7 free days means no daily rent for the first 7 days.

Fee charged for releasing and picking up a container from depot or location.

Example: Pickup charges vary by location and container type.

Amount credited to customer, often for returning containers to preferred locations.

Example: Return credits incentivize customers to return units where they're needed.

Authorization document allowing container pickup from depot. Contains pickup instructions and validity period.

Example: Release must be presented at depot before container can be released.

Document recording the condition of container at time of interchange between parties.

Example: EIR is signed at pickup and return to document container condition.

Gate In: Container enters facility. Gate Out: Container leaves facility. Actual movement events recorded by depot.

Example: Gate events are the official record of container movement.

Incoterm where seller delivers goods to named place. Risk transfers at destination.

Example: DAP terms specify delivery location and responsibility transfer point.

Lease arrangement where container is picked up at one location and returned at different agreed location.

Example: One-way leases are common for cargo moving from origin to destination.

Standard unit for measuring container capacity. 1 TEU = 1 x 20ft container. 40ft container = 2 TEU.

Example: Fleet sizes and port capacities are often measured in TEU.

Three-letter code identifying container owner. Part of standard container marking.

Example: XINDE GLOBAL's owner code is XNDU.