Lease Conditions Remain
No Follow-ups Required
Container Sharing Done Right
Cargo Flows, and Off-hire Locations
Today’s one way free use practice is restricted by carriers’ shipping routes, cargo flows, and off-hire locations.
The pickup parties can only accept containers at deficit ports where they have cargos to the off-hire locations. This restriction largely limits the applicability of the method.
Free-Use Days and Waiting for Redelivery
In one way free use, the release party must wait for the containers’ redelivery, which can take from days to weeks. Also, the pickup party is typically given 30 to 90 free-use days, which decreases the release party’s return on asset. The situation is made worse if misuse happens.
High Tracking Cost and Follow-up Works
One way free use requires a lot of follow-up works for both the release and the pick-up parties. Additional time and resources are spent by both parties, from negotiating the sublease agreements to keeping track of container statuses to settling disputes.