What is DRV?
The DRV specifies the value per container in case of a total loss. This discounted residual value is calculated by multiplying the depreciation rate (% of new built price) times the current age of the lost container. This sum is finally deducted from the entered newbuilt price. The DRV cannot be lower than the minimum replacement value–which means that if the residual percentage is 50%, then a container for 2500$ can’t become worth less than 50% even after it is fully depreciated (as the steel always has a minimum value that does not vanish).