10.Redelivery of Containers

• Before redelivery, the Lessee shall send an e-mail to the e-mail address (该邮件地址已受到反垃圾邮件插件保护。要显示它需要在浏览器中启用 JavaScript。 ) designated by the Lessor 5 working days in advance to apply for a Redelivery Instruction. When applying for the Redelivery Instruction, the Lessee shall provide the Lessor with reference number of the Delivery Order, container number, and type. The Lessor shall provide the Lessee with a written Redelivery Instruction within 3 working days upon taking delivery of the application from the Lessor.
• The Lessee shall redeliver the containers to the Lessor at the location agreed by the Parties. Unless otherwise agreed upon by the Parties, the location of redelivery shall be the container yard and stock location designated by the Lessor, and the recepient shall be the agent appointed by the Lessor. The Lessee shall redeliver the containers based on the complete instructions including the entrance reference number and stock location as stated in the Redelivery Instruction provided by the Lessor.
• Prior to redelivery at the off-hire location, the Lessee shall inform the agent appointed by the Lessor at least 1 working day beforehand; confirm the current service capability of the container yard, the availability of the stock location, the redelivery process, and the corresponding operation plan of the container yard; agree on the time of redelivery; and arrange the redelivery in compliance with the agreed conditions.
• Unless otherwise agreed upon by the Parties, when the Lessee redelivers the containers, the Lessor shall pay the loading and unloading fees of the transport vehicles from the Lessee.
• When the Lessee redelivers the containers, they shall be accepted by the Lessor’s agent, and the Parties shall sign the Inbound Equipment Interchange Receipt. The Inbound Equipment Interchange Receipt is an important proof of the the Lessee’s redelivery, and the Lessee shall keep it for no less than 2 years. When the Lessor claims that it has not taken delivery of the containers but the Lessee claims that it has redelivered the containers, the Lessee shall be obliged to show the Lessor the valid Equipment Interchange Receipt.
• The date on which the Lessee redelivers the containers to the Lessor based on the complete instructions including the entrance reference number and stock location, as stated in the Redelivery Instruction provided by the Lessor, is the date of off-hire. The period from the date of on-hire to the date of off-hire is the lease term.
• When the Lessee redelivers the containers, there shall be no residues, transportation aids or goods of any type or form in each container. The Lessee agrees that any property in the containers can become the property of the Lessor at the Lessor’s will after the containers are redelivered, and the Lessor shall not fulfill any obligation for any such property. The Lessee shall compensate the Lessor for all costs and fees associated with proper disposal of any such residues, transportation aids, and goods, including disposal costs and attorney fees.
• When the Lessee redelivers the containers, the Lessee shall redeliver the containers supplied by the Lessor in line with the standard of Cargo Worthy; for the containers supplied by the Lessor based on the IICL standard, the Lessee shall redeliver the containers in line with the IICL standard; for the containers supplied by the Lessor in line with other standards, the Lessee shall redeliver the containers based on the quality standards of the condition of containers confirmed at the time of taking delivery. Otherwise, the containers shall be handled in accordance with the relevant provisions in “Custody and Use of Containers as well as Related Charges”.
• The Lessee shall redeliver the containers within the lease period agreed by the Parties. If the containers are not redelivered within the time limit, unless otherwise agreed upon by the Parties, the Lessee shall pay the rental per diem to the Lessor according to the following standards:
  • From Day 1 to Day 10 : USD 2/20’ GP/ day; USD 3/40’ GP or 40’ HC/ day
  • From Day 11 to Day 20 : USD 4/20’ GP/ day; USD 6/40’ GP or 40’ HC/ day
  • From Day 21 to Day 30 : USD 8/20’ GP/ day; USD 12/40’ GP or 40’ HC/ day
  • From Day 31 to the off-hire date: USD 12/20’ GP/day; USD 18/40’ GP or 40’ HC/ day
  • The rental of open-top containers and frame containers is 3 times of the mentioned standards.
  • The rental of refrigerated containers and folding containers is 6 times of the mentioned standards.
  • The rental of tank containers is 10 times of the mentioned standards.
• If the Lessee or its agent fails to redeliver the containers to the agent appointed by the Lessor and the designated container yard within 30 days upon expiration of the lease term, the Lessor shall be entitled to regard the containers as lost and require the Lessee to compensate based on the compensation standards for container loss specified herein. Before the Lessor receives the compensation, the Lessee still needs to pay the rental per diem based on the actual number of days.
• Unless otherwise agreed upon by the Parties, the “Compensation Standard for Container Loss” are as follows:
  • Brand-new containers or containers that have been used for less than 1 year:
    • USD 3000/20’ GP (20-foot ordinary containers)
    • USD 5000/40’ GP (40-foot ordinary containers)
    • USD 5200/40’ GP (40-foot high cube containers)
    • The compensation of open-top containers and frame containers is 3 times of the mentioned standards.
    • The compensation of refrigerated containers and folding containers is 6 times of the mentioned standards.
    • The compensation of tank containers is 10 times of the mentioned standards.
  • Containers that have been used for more than 1 year:
    • The containers shall be depreciated at 5% per year, but the minimum salvage value after depreciation shall not be less than
    • 80% of the mentioned standard.