Glossary

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Master Lease Agreement

A master lease agreement is a framework agreement of a container leasing company for the lease of containers. The agreement lays down all basic conditions of the lease such as price per day, the types of container made available to the lessee, the number of containers to be taken per depot, the depots where containers can be collected or returned, the terms of payment, etc. The lessee signing the master lease agreement is not binding: he is not obliged to actually use containers and as long as he does not collect any containers in a depot, he does not pay anything. Only when the lessee actually collects a container from a depot does the contract take effect. A separate contract is prepared for each container that is collected, referring to the conditions of the master lease agreement.

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