News
In a significant breakthrough for the container shipping business, the two criteria currently used when inspecting containers during the interchange process between operators and leasing companies are now to be harmonized.
Until now, there have been two different interchange inspection standards: the ''IICL-5'' criteria (managed by the Institute of International Container Lessors); and the ''Common Interchange Criteria,'' administered by the CIC Group of leasing companies, comprising five of the world's leading container lessors (Triton Container, Seaco, Florens Container Services, CAI and Blue Sky Intermodal).
In a significant breakthrough for the container shipping business, the two criteria currently used when inspecting containers during the interchange process between operators and leasing companies are now to be harmonized.
The harmonization process has been undertaken by the leasing industry, which has recognized that shipping lines, leasing companies and container depots will benefit from a single standard. Discussions have taken place in recent months between CIC members and the IICL as to how the two different criteria might be harmonized.
