DRV per SCLA | How can I initiate a DRV settlement?

If you are the user or the supplier, and you are not sure how to initiate the DRV settlement for a leasing deal, you’ve found the right article.

DRV Process on xChange

1. What is the DRV Claim?

DRV (Discounted Residual Value) is the cost of Equipment that the User must pay for if leased equipment is returned beyond repair or can’t be returned within 365 days.

2. When can a DRV Claim be opened?

A DRV Claim is opened if the equipment:

• Is beyond repair.
• Can’t be redelivered on time (365 days).

3. How do I open a DRV Claim?

The Supplier contacts xChange via email or the platform, providing photos, Year of Manufacturing and the supporting evidence, i.e. CSC Plate. You can learn more about this through the related article:

What is the DRV Claim process?

4. What happens after a DRV Claim is approved?
The User has 5 days to prove the return or pay the DRV amount.
If paid, ownership transfers to the User.

5. What if the equipment is beyond repair?

The User pays the DRV, and the claim is closed after proof of non-repair is provided.

6. Can I swap equipment instead of paying DRV?

Yes, but xChange doesn’t oversee or guarantee swaps.

7. What is the DRV Guarantee?

After xChange issues the guaranteed DRV payment to the Supplier, we will also create a supplementary DRV-specific deal on the leasing platform for any valid DRV claims to continue calculating due per diems that are to be paid to Container xChange. The original deal will be marked as completed, and the related units will be marked as dropped off.

8. When can xChange stop the DRV Guarantee?

If there’s evidence of long-term leasing or unfavorable deal terms.