Indus only leases out equipment to reliable partners
“We were one of the first customers of Container xChange!” he exclaimed. After they had received an email, Parikh and his container operations teams joined the neutral online platform in 2015. Now, 4 years later, Parikh still uses xChange to cut inventory costs, reposition equipment and find available containers.
“xChange introduced us to other NVOs and smaller regional operators,”, Parikh recalled further, “and it was very easy to understand the platform on our first day”. He went on to explain that,“When we lease out equipment for repositioning, reliability of the corresponding party on the other side is the most important part for us, because they take our most important assets.”.
He also mentioned that he likes the ease of doing business on xChange, but the vetting process to make sure only trustworthy partners get access to the platform is the most important part for him. Because xChange does the payment handling and uses partner Reviews & Ratings in addition to their comprehensive vetting process, Parikh and his team can easily decide between different offers and partners on the platform.
Without xChange, “we would have to either drop sell rates to speed up the evacuation of equipment or empty repo which is the worst thing an NVOCC can do as we don’t own any vessels,” he concluded.