Trip Lease Agreement Definition

(g) copies of consignment note or other forms of transport documents. Where a lessor`s income is based on a percentage of the gross turnover of a consignment, the lease agreement must indicate that the authorised carrier provides the lessor, before or at the time of settlement, with a copy of the assessed freight invoice or, in the case of contract carriers, any other form of documentation actually used for a consignment containing the same information: that would appear on an assessed freight invoice. Regardless of the type of compensation, the lessor shall allow the lessor to examine copies of the carrier`s tariff or, in the case of promoters, other documents from which tariffs and charges are calculated, provided that, where tariffs and royalties are calculated on the basis of a contract of a contractual promoter, only those parts of the contract containing the same information must be disclosed; that would appear on a consignment note invoice. The authorized carrier may delete the names of shippers and consignees indicated on the freight invoice or any other form of documentation. Unless the exceptions set out in Sub-Part C of this Part are provided, the written lease required by section 376.11 (a) contains the following provisions. The necessary leasing provisions must be respected and respected by the authorized carrier. (h) Retrobooking stations. In the rental agreement, all goods that can be paid for initially by the authorized carrier, but which can ultimately be deducted from the lessor`s remuneration at the time of payment or invoicing, must be clearly indicated, accompanied by a recitation of how the amount of each item is to be calculated. Copies of the documents necessary to establish the validity of the fee will be made available to the lessor. 2.

If the lessor acquires insurance cover for the operation of the equipment leased by or through the authorised carrier, the rental contract shall indicate that the authorised carrier, at the request of the lessor, shall make a copy of each policy available to the lessor. If the owner acquires such insurance in this manner, the lease agreement must indicate that the authorized carrier must provide the lessor with a certificate of insurance for each of these policies. Each certificate of insurance includes the name of the insurer, the policy number, the effective date of the policy, the amounts and types of coverage, the costs to the lessor for each type of coverage, and the deductible amount for any type of coverage for which the lessor may be responsible. (f) payment period. The rental contract provides that payment to the lessor must be made within 15 days of the presentation of the delivery documents necessary for a trip to the service of the authorized carrier. The documents required before the lessor can receive payment are limited to logbooks required by the Department of Transport and documents required by the authorized carrier to ensure payment to the shipper. In addition, the lease may provide that, upon termination of the lease agreement, the lessor shall, as a condition precedent for payment, remove all the identification devices of the authorized carrier and return them to the carrier, except in the case of an identification directly painted on the equipment. If the identification device has been lost or stolen, a letter attesting to its removal meets this requirement.

Until this requirement is met, the carrier may withhold the remaining payment. The authorized carrier may require the presentation of additional documents by the lessor, but not as a precondition for payment. Payment to the owner is not subject to the presentation of a bill of lading for which no exception has been made. The authorized carrier may not set deadlines for the presentation by the lessor of the necessary delivery documents. . . . .