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Handy Brokerage, LLC 30 South 5100 West Salt Lake City, Utah 84104 CARRIER/BROKER INSTRUCTIONS Thank you for your interest in becoming an approved carrier for Handy Brokerage, LLC we look forward

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How to fill out broker - carrier agreement

How to fill out a broker-carrier agreement:

01

Start by entering the legal names and contact information of both the broker and carrier involved in the agreement.

02

Clearly state the effective date of the agreement and specify its duration, whether it is for a set period of time or ongoing until cancelled.

03

Define the scope of work and services to be provided by the carrier, ensuring that all relevant details are included. This may include the transportation services to be provided, any specific routes or territories, and any additional responsibilities such as loading and unloading.

04

Specify the payment terms, including the rates and compensation structure agreed upon. This should cover details such as how and when payments will be made, any additional fees or charges, and any penalties for late payments or non-performance.

05

Clearly outline any insurance requirements for the carrier, including the types and coverage amounts needed. This helps protect both parties in the event of any accidents, damages or liabilities that may occur during transport.

06

Include any additional terms or conditions that both parties agree on, such as a confidentiality agreement, dispute resolution procedures, or any specific safety or compliance requirements.

Who needs a broker-carrier agreement?

Brokers and carriers within the transportation industry often enter into broker-carrier agreements to define their working relationship and ensure clear expectations are set. Brokers, who act as intermediaries between shippers and carriers, need these agreements to outline the terms and conditions under which they engage carriers for transportation services.

Similarly, carriers need broker-carrier agreements to establish the scope of work, rates, and responsibilities expected of them when working with a broker. These agreements help protect the rights and interests of both parties, reduce misunderstandings, and ensure a mutually beneficial working relationship.

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What is broker-carrier agreement?

A broker-carrier agreement is a legal contract between a broker and a carrier outlining the terms and conditions of their business relationship, including rates, services, and liability.

Who is required to file broker-carrier agreement?

Brokers and carriers are required to file a broker-carrier agreement with the appropriate regulatory agency, such as the Federal Motor Carrier Safety Administration (FMCSA).

How to fill out broker-carrier agreement?

To fill out a broker-carrier agreement, both parties must include their contact information, terms of service, rates, insurance requirements, and any other relevant details pertaining to their business relationship.

What is the purpose of broker-carrier agreement?

The purpose of a broker-carrier agreement is to establish the rights and responsibilities of both parties in the transportation of goods, ensuring clear communication and legal protection.

What information must be reported on broker-carrier agreement?

The broker-carrier agreement must include the names and addresses of the broker and carrier, details of the services provided, payment terms, insurance coverage, and any other pertinent information related to the transportation services.

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