The Freedays determine how many days the containers can be used for free after they are picked up. The count starts when the container is picked up and is calculated individually per container. The number of freedays varies depending on the stretch and is negotiable for each deal. Note that during this time the supplier expects the user to use containers on the stretch agreed upon in the deal, not for transhipment.
Per diem is the daily rental price of the container after the freedays have passed. The per diem varies depending on container type and is negotiable for each deal.
The Pick-up Charge is a one time charge for each container that is picked up that is negotiated for each deal. This charge can be paid by both the supplier or the user, depending on the market situation. For example; in locations where the supplier has a shortage of containers, the cost will typically be by the user while if the user picks up boxes from a location with a large surplus and moves it to a deficit location, then the supplier often pays the charge.
Note that this charge is not designed to cover a specific cost, but rather a general charge that would apply to the deal. The standard pick-up charge on xChange is $0.
DPP - Damage Protection Plan
DPP (Damage Protection Plan) is a protection for the user is granted by the supplier. This is the amount of cleaning and repair charges must exceed after redelivery to be eligible for billing. You can insure your containers to cover the amount that exceeds the DPP.
Meaning: If a user returns the container damaged but the repair price is less than the DPP, the user doesn’t have to pay for the repairs. If the repair costs are greater than the DPP, the user is invoiced for the amount above the DPP. The standard DPP on xChange is $100.
DRV - Discounted Residual Value
The DRV (Discounted Residual Value) specifies the value per container. This DRV is calculated by multiplying the depreciation rate (% of newbuild price) times the current age of the lost container. This sum is deducted from the newbuild price. The DRV cannot be lower than the minimum replacement value, which means that if the residual percentage is 50%, then a container with a newbuilt price of $3500 can’t become worth less than $1750 (50% of $3500) even after it is fully depreciated. This newly calculated value is the value used in case of a total loss claim.