What are the eCon workroom terms and definitions?

eCon-Network

Last Update 3 tahun yang lalu

Q'ty (Quantity)

Credit Application Form. If you’d like to use containers on platform, you need apply CAF because eCon are responsible for any problems during proceed deals.

Free days

Number of days each container may be use free-start to count it when the container is picked-up.

Per Diem (PDM)

Daily lease fee of each container after free days.

Pick-up fee

  • Pick-up charge (User pay to Supplier)

One time charge for the pick-up of each container that it is picked up. 

  • Pick-up credit (Supplier pay to User)

One time charge for the return of each container that it is returned.

DPP (Damage Protection Plan)

Damage Protection Plan is an insurance cover provided by a container supplier to protect a container user against damage.

Insurance

eCon-Network insurance covers total loss (Constructive total loss, loss at sea).

  • Total Loss

Total Loss is a situation in which an insured container is totally lost, destroyed, or damaged, and no container can be recovered.

In the case of User declare total loss, User must present certificate (related with damaged container, lost and destroyed), document (depot repair estimate) and photo of equipment to platform company as evidence of total loss. By presenting certificate, document and photo, Platform company will reasonably determine damage of equipment and use certificate, document and photos as evidence to declare total loss.

This clause also applies to the case of missing equipment. User must act their best to recover equipment. If user is not able to prove that Equipment has lost its value with such evidence (certificate, document, Photo). User must pay Replacement value with one way lease term by Platform Company.

Replacement value (RV)

Replacement value refers to the amount that an entity would have to pay to replace an asset at the present time, according to its current worth.

Replacement value is the actual cost to replace a container its pre-loss condition.

Cancellation fee

If the Supplier/User does not respond or to the other party within the number of working days stated or request the cancel on the platform, the Supplier/ User shall pay for the cancellation fee to partner.

Cancel period

Number of days the order for Oneway may be cancel automatically.

Agree eCon-Network Contract

You are on common terms with the eCon-Network Multiparty Agreement.

Survey all containers

The supplier arrange a surveyor before pick-up (Get a CSC plate, Photos, Report).

Protected Payment & Invoicing

3.5% service fee from profit of PDM, Pick-up fee.

Thanks : )

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