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.