The rugged ratcheting chain binder from Peerless accommodates either Grade 70 transport chain or Grade 80 alloy chain tie downs, and is designed with features to make securing a load faster and safer than ever: -Quick to install with three positions: ratchet extension, ratchet take-up, and a free spin setting for quick adjusting in either direction. -Folding handle keeps the mechanism out of the way after the load is secure. -Easy to store ? simply place in the locked position and it’s ready to hang. -Tamper-resistant design; use a long shank padlock (not included) to lock to the tie down. -Proof-tested and heat treated for durability; satisfies CVSA and DOT requirements. For use with either 1/2" chain or 5/8" chain. Additional sizes available: Peerless QuikBinder Plus Ratchet Loadbinder - 5/16"-3/8" Peerless QuikBinder Plus Ratchet Loadbinder - 3/8"-1/2" California Residents: WARNING