LLP must dispose of 20,000 ISO containers

SITUATION

LLP must sell 20 thousand ISO (steamship) containers located at 42 depos worldwide.

SOLUTION

Alta requested and received IICL (The Institute of International Container Lessors) Condition Status of the containers, then compiled an offering memorandum that invited bidders to bid for all, by area, or by depo, with bids for all given preference. The book was sent to potential buyers, with bidding and closing instructions. Within sixty days the entire fleet was sold. Alta continued to assist with status and release numbers for containers at each location.