Old Insurance Rates
a. Basic Insurance Rate (Section 1)
The xChange insurance service has global coverage for total loss, constructive total loss, and mysterious disappearance and aims at increasing the level of trust when doing business on a one way basis.
| Container Type | Price per container per container for the insurance cycle of 60 days |
DRV per container Unless otherwise agreed in the transaction on xChange |
|---|---|---|
| 20 DC | $2.50 | $2,150 |
| 20’ Reefer | $12.50 | $17,000 |
| 20′ Flatrack, Open Top, Side Door, Double Door, Hard Top | $3.75 | $3,450 |
| 20′ Pallet wide | $2.50 | $3,000 |
| 20 HC | $2.75 | $2,300 |
| 20 HC Reefer | $14.00 | $19,000 |
| 20 HC Flatrack, Open Top, Side Door, Double Door, Hard Top | $4.10 | $3,825 |
| 20 HC Pallet wide | $2.75 | $3,300 |
| 40/45 DC | $2.90 | $3,500 |
| 40/45′ Reefer | $25.00 | $20,000 |
| 40/45′ Flatrack, Open Top, Side Door, Double Door, Hard Top | $4.35 | $5,440 |
| 40/45′ Pallet wide | $2.90 | $4,900 |
| 40/45 HC | $3.30 | $4,750 |
| 40/45 HC Reefer | $31.00 | $23,250 |
| 40/45 HC Flatrack, Open Top, Side Door, Double Door, Hard Top | $4.80 | $6,838 |
| 40/45 HC Pallet wide | $3.20 | $6,125 |
Costs for the insurance will be billed monthly. The insurance is valid for one-way moves up to 60 days after pick-up (per container). The insurance will be automatically renewed for another 60 days after the initial 60 days unless the containers are reported as empty returned on xChange. Claiming damage or a total loss can be done by reaching out to conops@container-xchange.com, a surveyor will then be tasked with assessing the damage and accepting the claim.
b. Premium Insurance Rate (Section 2a, Deductible – USD 100.00)
The xChange Premium Insurance has full coverage (all risks and damages), including Constructive Total Loss, Total Loss, General Average and Mysterious Disappearance, with a deductible of USD 100.00. The Insured is liable for any repair costs between the agreed DPP and the deductible.
| Container Type | Price per container per container for the initial 60 days |
Renewal daily per container after 60 days |
DRV per container Unless otherwise agreed in the transaction on xChange |
|---|---|---|---|
| 20 DC | $12.00 | $0.21 | $2,150 |
| 20’ Reefer | $95.00 | $1.50 | $17,000 |
| 20′ Flatrack, Open Top, Side Door, Double Door, Hard Top | $18.75 | $0.35 | $3,450 |
| 20′ Pallet wide | $12.00 | $0.21 | $3,000 |
| 20 HC | $13.75 | $0.25 | $2,300 |
| 20 HC Reefer | $95.00 | $1.50 | $19,000 |
| 20 HC Flatrack, Open Top, Side Door, Double Door, Hard Top | $20.50 | $0.41 | $3,825 |
| 20 HC Pallet wide | $13.75 | $0.25 | $3,300 |
| 40/45 DC | $12.90 | $0.23 | $3,500 |
| 40/45′ Reefer | $140.00 | $3.00 | $20,000 |
| 40/45′ Flatrack, Open Top, Side Door, Double Door, Hard Top | $19.35 | $0.37 | $5,440 |
| 40/45′ Pallet wide | $12.90 | $0.23 | $4,900 |
| 40/45 HC | $15.40 | $0.27 | $4,750 |
| 40/45 HC Reefer | $140.00 | $3.00 | $23,250 |
| 40/45 HC Flatrack, Open Top, Side Door, Double Door, Hard Top | $22.45 | $0.44 | $6,838 |
| 40/45 HC Pallet wide | $16.50 | $0.29 | $6,125 |
Costs for the insurance will be billed monthly. The insurance is valid for one-way moves up to 60 days after pick-up (per container). The insurance will be automatically renewed on a per-day basis after 60 days unless the containers are reported as empty returned on xChange. Claiming a damage or a total loss can be done by reaching out to conops@container-xchange.com, a surveyor will then be tasked with assessing the damage and accepting the claim.
c. Premium Insurance Rate (Section 2b, Deductible – USD 50.00)
The xChange Premium Insurance has full coverage (all risks and damages), including Constructive Total Loss, Total Loss, General Average and Mysterious Disappearance, with a deductible of USD 50.00. The Insured is liable for any repair costs between the agreed DPP and the deductible.
| Container Type | Price per container per container for the initial 60 days |
Renewal daily per container after 60 days |
DRV per container Unless otherwise agreed in the transaction on xChange |
|---|---|---|---|
| 20 DC | $18.00 | $0.32 | $2,150 |
| 20’ Reefer | $135.00 | $2.25 | $17,000 |
| 20′ Flatrack, Open Top, Side Door, Double Door, Hard Top | $26.50 | $0.45 | $3,450 |
| 20′ Pallet wide | $17.00 | $0.29 | $3,000 |
| 20 HC | $19.50 | $0.33 | $2,300 |
| 20 HC Reefer | $135.00 | $2.25 | $19,000 |
| 20 HC Flatrack, Open Top, Side Door, Double Door, Hard Top | $29.00 | $0.49 | $3,825 |
| 20 HC Pallet wide | $19.50 | $0.33 | $3,300 |
| 40/45 DC | $21.00 | $0.31 | $3,500 |
| 40/45′ Reefer | $200.00 | $3.34 | $20,000 |
| 40/45′ Flatrack, Open Top, Side Door, Double Door, Hard Top | $27.80 | $0.47 | $5,440 |
| 40/45′ Pallet wide | $21.00 | $0.31 | $4,900 |
| 40/45 HC | $23.40 | $0.37 | $4,750 |
| 40/45 HC Reefer | $200.00 | $3.34 | $23,250 |
| 40/45 HC Flatrack, Open Top, Side Door, Double Door, Hard Top | $32.10 | $0.54 | $6,838 |
| 40/45 HC Pallet wide | $23.40 | $0.40 | $6,125 |
Costs for the insurance will be billed monthly. The insurance is valid for one-way moves up to 60 days after pick-up (per container). The insurance will be automatically renewed on a per-day basis after 60 days unless the containers are reported as empty returned on xChange. Claiming a damage or a total loss can be done by reaching out to conops@container-xchange.com, a surveyor will then be tasked with assessing the damage and accepting the claim
d. Premium Insurance Rate for Tank Container Types (Section 3)
The xChange Premium Insurance has full coverage (all risks and damages), including Constructive Total Loss, Total Loss, General Average and Mysterious Disappearance, with a deductible of US$ 200.00. The Insured is liable for any repair costs between the agreed DPP and the deductible.
| Container Type | Price per container per container for the initial 60 days |
Renewal daily per container after 60 days |
DRV per container Maximum DRV covered under insurance |
|---|---|---|---|
| All tank container types | $120.00 | $2.50 | $22,500 |
Costs for the insurance will be billed monthly. The insurance is valid for one-way moves up to 60 days after pick-up (per container). The insurance will be automatically renewed on a per-day basis after 60 days unless the containers are reported as empty returned on xChange. Claiming a damage or a total loss can be done by reaching out to conops@container-xchange.com, a surveyor will then be tasked with assessing the damage and accepting the claim.