Leasing Shipping Containers: A Step-By-Step Guide
Shipping containers are usually large measuring about 40 feet and are used to transport goods by sea, land, or sometimes by air. It can be expensive to buy shipping containers when making shipments is not in a regular basis, a better option for this is to lease shipping containers instead. But, prior to leasing shipping containers for a small business, some factors need to be considered.
Determine the type and size of container that your company requires. It is more cost-effective to rent a large shipping container which can carry all your goods for shipment rather than leasing multiple smaller containers. When several shipments are going to different destinations there’s an exception; you will then have to consider the proper size of containers needed for each shipment.
Calculate for how long the container should be rented. If the container is only needed for one shipment, it is necessary to determine the transit time and the schedule for the return of the container to the rental company. In the case of long-term leasing, determining how long you need to keep the shipping container is important prior to its return. Take note that most rental companies provide large discounts for rentals that are long-term.
Complete lease paperwork. The rental company will require you to accomplish a lease application that contains basic information of your business and the type of goods or properties you will keep in the containers. A deposit will also be required by the leasing company that will eventually be given back after the shipping container is returned. Other companies might also require a signed legal waiver to make sure that if ever there are damages in your shipment they’ll not be responsible for it.
Get the total delivery costs of the sea container when transported to the warehouse. If the location of your business is not near the shipping station you’ll have to ship the container to you. In that case, your overall expenses will increase and this should be recorded in your expenses.
Plan and prepare the place where you will store the shipping container until the shipment time of your merchandise. When adequate area of storage is not available, you’ll have to take the option of renting a lot to keep the container. To save on expenses or if your location can’t store the container, you may request to use the shipping company’s facility to keep the container.