FAQs
Frequently Asked Questions
What happens if I wish to sell my container unit and recoup my initial purchase price?
In addition to the income that container leases generate, container owners can make an additional profit selling their containers. Since the price of containers rises and falls with economic fluctuation, we encourage owners to take advantage of these fluctuations to make a profit. Intermodal Wealth not only helps you profit by leasing your containers, but we can also help you sell it as well. It is another consideration when measuring the gains of purchasing containers as assets.
Intermodal Wealth will resell your container unit at a nominal 2% commission rate. Or you may sell your container unit on your own to another party, but you must inform Intermodal Wealth of your intention to sell and provide proof of the transaction.
How and when is income distributed from my container unit purchase?
Purchases under $100,000 US — Income is paid quarterly.
Purchases over $100,000 US — Income is paid monthly.
What happens if my container unit is lost or damaged in transit at the rail yard or destroyed in a rail accident?
Intermodal container damage is rare, but it does occur. In the event of such an incident, your container will be repaired or replaced through an insurance policy that we require to be maintained on all the containers in our fleet. Likewise, you are personally indemnified from any damage the container might cause during the course of business. All shippers must carry a liability policy of $5,000,000. All containers must be insured against loss or damage for a minimum of their purchase price plus 20%.
What kind of containers are they, in terms of size, capacity, material, registration number, country, and state of registration?
Each intermodal container has a unique registration number. The ownership is registered in the buyer's name or company and registered with the US Interstate Commerce Commission (ICC) and with the Nevada Secretary of State. The owner must approve in writing and with an official filing the sale or transfer of ownership.The buyer also receives a copy of the insurance policy issued to the lessee covering any loss from damage, theft, or loss, with the lessor (you, the buyer) as the named loss payee.
The container specifications are shown below:
| 53' Standard Temperature-Controlled Container | 20' Standard Temperature-Controlled Container | |
|---|---|---|
| Inside Length | 52'2" / 16.320m | 19'4" / 5.900m |
| Inside Width | 7'8" / 2.350m | 7'8" / 2.350m |
| Inside Height | 7'10" / 2.392m | 7'10" / 2.393m |
| Capacity | 3,130.82CuFt / 88.683CBM | 1,172CuFt / 33.2CBM |
| Tare Weight | 10,600lbs / 4,810Kg | 4,916lbs / 2,230Kg |
| Maximum Cargo Weight | 76,752lbs / 34,814Kg | 47,900lbs / 21,770Kg |
How will I be notified of where the intermodal containers are, and what are the plans for it?Your intermodal, temperature-controlled containers are state of the art and are equipped with GPS tracking. Coming soon, you will be given a log-in to our internet site where you can see the location of your container in real time. You can track your containers at terminals, railroads, and on ships. The deployment lease negotiations and use of your containers is a professional issue that requires professional know-how in the rail freight and trucking business. We do not discuss the "plan" for the containers because the only plan is to lease them to those wishing to transport goods from one place to another.
Will I know what my container will carry, and where to? Am I responsible for its contents?
You do not need to be concerned with the use or contents of your intermodal container. Our contracts irrevocably place that burden on the leasee. If you wish to participate in the management of your intermodal containers we offer a program where buyers of $500,000 or more can participate and accept a decline of all transactions involving the leasing and management of their containers. These owners do not receive a fixed or guaranteed income from their intermodal containers, but instead, receive 80% of the lease revenue, which may return as much as 30% annually.
As explained above, you will soon be able to track the movements of your GPS equipped intermodal containers in real time.
What part will I have to play in terms of deciding whether or not to accept a contract?
As shipping professionals, we handle all of that for you. We'd be happy to share whatever information you desire on your containers, but there is no need for you to be concerned with their daily operation.
What is Intermodal Wealth's Privacy policy?
Intermodal Wealth treats your personal information as confidential and will not share, sell nor rent to any third party.
Why do Lessee's enter into leases rather than purchase or lease the containers themselves?
Most of our shippers do own containers. Intermodal Wealth provides containers that do not tie up their lines of credit or banking resources. Moreover banks and other financial institutions are hesitant to make capital equipment funds available. Since the banking crisis banks borrow from the Federal Reserve at 0% interest and buy wholly secured government securities for 3%. Its an easy risk free profit. They do not lend much to even the most credit worthy transportation companies, and if they do their loans are usually for 90-180 days and callable. There are more reasons but too lengthy to go into here. Private capital is essential to transportation companies. Intermodal Wealth works with you to provide a much required and expanding service.
