During peak shipping seasons, some carriers facing container shortages have resorted to temporary measures, including leasing containers from other shipping companies with surplus capacity or specialized container leasing firms. In these cases, leased containers typically receive the same treatment as a carrier's own containers, though they may not qualify for extended free-time allowances at certain ports. These regulations aim to ensure the legal and compliant use of leased containers while maintaining efficient resource utilization.
Container Leasing Categories
Leased containers fall into two main categories:
- Shipper-owned containers (SOC containers)
- Specialized container types
Different container types have varying free-time allowances. Standard containers typically receive a seven-day free period, while specialized containers have a shorter five-day allowance. The free-time calculation begins on the day of container pickup and continues until the vessel's departure date. Notably, containers picked up by 23:59 still count as a full day's use, with no reduction for late pickup times.
Specialized Container Considerations
For tank containers (TANK) or other specialized types, free-time periods depend on the leasing company's specific policies. These specialized containers are typically leased either:
- Per voyage
- Annually
Shipping companies should confirm all free-time limitations and regulations before leasing to avoid disputes and potential financial losses during operations.
Contractual Recommendations
To ensure compliant container leasing, carriers should negotiate and clearly define all terms in lease agreements, including:
- Lease duration
- Free-time conditions
- Associated fees and charges
Only through comprehensive agreement on all terms can both parties protect their interests and maintain an effective leasing relationship. These measures help shipping companies optimize resource utilization and strengthen their competitive position in the market.
