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CPR to Change Policy on Intermodal Terminal Storage Charges and Guarantees

 
 

 

CPR International has announced that as part of their "ongoing efforts to improve Intermodal Terminal operations" they will be introducing a new initiative, associated with the protection of marine container storage charges at various Canadian terminals.

Effective October 18, 2004, the following policy changes will be implemented for International Marine Containers:

  • Guarantees for Marine Container Storage must be open.
  • CPR will no longer accept guarantee's that indicate specific rate closures
    or dollar value limitations related to a specific container or containers.
  • Guarantees must be for the entire shipment. They cannot be split between
    two parties.
  • CPR will no longer allow multiple companies to pay storage on a container
    or containers.

At this time, guarantees are to be forwarded to the respective Intermodal terminals. However, very soon CPR will be directing such guarantees to CPR's new Intermodal Central Operations Group (COG) and CPR will then require the guarantees 2 hours prior to pick up of a container at a specific CPR Intermodal terminal. CPR says it will require this additional time to process the guarantee and assure appropriate release is in place for the specific marine container(s).

 

 

 
 

 

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SEPTEMBER 19. 2004

 
 

 

 

 

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