CHEP Delayed Transfers
It used to be that CHEP delayed transfers appeared on the invoice in the month when the transfer of hire took place. Some years ago CHEP changed this so that transfers appeared on the invoice immediately after CHEP received notification of the transfer. Whilst this can be an advantage, one of the disadvantages is that payment for the delayed transfer has to be made earlier than was previously the case. There is no difference to the number of delay days only to the payemnt date. CHEP also introduced EDOs.
What is an EDO?
EDO stands for Equipment Days Offset and was introduced to enable hirers to automate the application of delay days. In normal circumstances both hirers have to sign a CHEP form agreeing to the automatic application of delayed days. There are exceptions to this, such as the major retailers. In these situations CHEP will apply the EDO rule provided that the hirer shows that they have notified companies they deal with.
How can you tell if an EDO has been applied?
You can tell if an EDO has been applied when you look on your invoice. The following is what you need to look for:
- The Movement Date and the Effective Date show as being the same date.
- The number of delayed days will appear in the Delay Days column.
What happens if an EDO transfer is reinstated?
If an EDO transfer is rejected and then reinstated you need to consider the effective date that will apply. If the other party agrees to reinstate one of your transfer offs then the date they specify could still have the agreed delay days applied.