Friday , 23 August 2019
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Container leasing companies celebrate harmonisation of standards

Container leasing companies have praised reforms to the inspection process for containers being handed over from operators to leasing companies and vice-versa.

Until now, there have been two different interchange inspection standards: the “IICL-5” criteria and the “Common Interchange” criteria (CIC).

The former has been managed by the Institute of International Container Lessors (IICL) and the latter was launched as an alternative in 2007 by the Common Interchange Group group, consisting of five major container lessors. The CIC criteria was endorsed by the Container Owners Association in 2008.

The CIC’s proponents claim it enables shipping lines to benefit from a reduction in repair costs by eliminating unnecessary repair to containers. They also claim it enables a more environmentally friendly approach to container maintenance, with reduced container handling.

After recent discussions between the CIC’s members and the IICL, a new standard has been launched which the CIC claims preserves all the main benefits of the CIC’s criteria with only minor adjustments.

The new standard will be introduced for off-hire activity taking place from August 1, 2016, onwards.