COA tackles standards for container tracking
NewsThe Container Owners Association is establishing a work group to consider standards for container tracking and telematics
COA calls for single inspection standard
The Container Owners Association (COA) has released the results of a study, which shows that significant repair cost savings are available at the end of a container lease contract if the COA-endorsed Common Interchange Criteria (CIC) is used as the inspection standard.
The study was carried out by a Working Group comprising representatives of shipping lines, leasing companies and repair depots, which was set up by the COA in March 2009 to calculate the difference in estimated off-hire repair costs between the two most commonly used interchange inspection criteria – CIC and the Institute of International Container Lessors (IICL)-endorsed IICL-5, which is still used by most of the IICL’s members.
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This complete item is approximately 300 words in length, and appeared in the September 2009 issue of WorldCargo News, on page 21. To access this issue download the PDF here.
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